REI Lense

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$4,106 (target)

6400 Lake Meadow Dr, Waterford, MI 48327

3 beds • 3 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 2.99% first-year return on $93,222 initial cash invested.

2.99%

Cash On Cash

7.45%

Cap Rate

1.22

DSCR

$4,106

Rent

$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,106 income − $3,874 expenses = $232 cash flow

Income$4,106Mortgage P&I$1,82845%Property Taxes$42410%Insurance$1263%HOA$1002%Management$49312%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45211%Cash Flow$232

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,222

Downpayment

20%

$71,640

Closing costs

1%

$3,582

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,106

Total Expenses

$3,874

Mortgage P&I

45%

$1,828

Property Taxes

10%

$424

Home Insurance

3%

$126

HOA

2%

$100

Property Management

12%

$493

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$452

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