REI Lense

REI Lense

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$2,419 (target)

6501 Manchester Dr, White Lake, MI 48383

3 beds • 3 baths • 3051 sqft

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This property looks like a bad Long-Term investment with a projected -24.81% first-year return on $145k initial cash invested.

-24.81%

Cash On Cash

1.44%

Cap Rate

0.22

DSCR

$2,419

Rent

-$3,008

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,419 income − $5,427 expenses = $3,008 out of pocket

Income$2,419Out of Pocket$3,008Mortgage P&I$3,720154%Property Taxes$76332%Insurance$31513%Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$693k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$139k

Closing costs

1%

$6,927

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,419

Total Expenses

$5,427

Mortgage P&I

154%

$3,720

Property Taxes

32%

$763

Home Insurance

13%

$315

HOA

0%

$0

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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