REI Lense

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$4,546 (target)

6186 Fonda Lake Dr, Brighton, MI 48116

3 beds • 3 baths • 1472 sqft

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This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $135k initial cash invested.

-6.43%

Cash On Cash

5.3%

Cap Rate

0.82

DSCR

$4,546

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,546 income − $5,272 expenses = $726 out of pocket

Income$4,546Out of Pocket$726Mortgage P&I$3,01466%Property Taxes$48611%Insurance$2265%Management$54612%CapEx$1824%Vacancy$1363%Maintenance$1824%Other$50011%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$112k

Closing costs

1%

$5,594

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,546

Total Expenses

$5,272

Mortgage P&I

66%

$3,014

Property Taxes

11%

$486

Home Insurance

5%

$226

HOA

0%

$0

Property Management

12%

$546

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$500

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