REI Lense

REI Lense

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$2,147 (target)

5710 Lake Grove Dr, White Lake, MI 48383

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $60,585 initial cash invested.

-3.17%

Cash On Cash

5.69%

Cap Rate

0.96

DSCR

$2,147

Rent

-$160

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

$60,585

Downpayment

20%

$57,700

Closing costs

1%

$2,885

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,147

Total Expenses

$2,307

Mortgage P&I

66%

$1,422

Property Taxes

10%

$224

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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