REI Lense

REI Lense

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$2,774 (target)

6024 Westshore Dr, Oscoda, MI 48750

3 beds • 3 baths • 2483 sqft

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This property looks like a bad Long-Term investment with a projected -10.99% first-year return on $96,411 initial cash invested.

-10.99%

Cash On Cash

4.44%

Cap Rate

0.7

DSCR

$2,774

Rent

-$883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,774 income − $3,657 expenses = $883 out of pocket

Income$2,774Out of Pocket$883Mortgage P&I$2,44388%Property Taxes$32712%Insurance$1666%Management$27710%CapEx$1395%Vacancy$1666%Maintenance$1395%

Investment Breakdown

|

Purchase Price

$459k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,411

Downpayment

20%

$91,820

Closing costs

1%

$4,591

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,774

Total Expenses

$3,657

Mortgage P&I

88%

$2,443

Property Taxes

12%

$327

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$277

CapEx

5%

$139

Vacancy

6%

$166

Maintenance

5%

$139

Other

0%

$0

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