REI Lense

REI Lense

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$3,220 (target)

5710 Lake Grove Dr, White Lake, MI 48383

3 beds • 2 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 5.74% first-year return on $78,585 initial cash invested.

5.74%

Cash On Cash

8.02%

Cap Rate

1.36

DSCR

$3,220

Rent

$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,585

Downpayment

20%

$57,700

Closing costs

1%

$2,885

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,220

Total Expenses

$2,844

Mortgage P&I

44%

$1,422

Property Taxes

7%

$224

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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