REI Lense

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$3,628 (target)

6501 Manchester Dr, White Lake, MI 48383

3 beds • 3 baths • 3051 sqft

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This property looks like a bad Mid-Term investment with a projected -17.64% first-year return on $163k initial cash invested.

-17.64%

Cash On Cash

2.53%

Cap Rate

0.39

DSCR

$3,628

Rent

-$2,403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,628 income − $6,031 expenses = $2,403 out of pocket

Income$3,628Out of Pocket$2,403Mortgage P&I$3,720103%Property Taxes$76321%Insurance$3159%Management$43512%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39911%

Investment Breakdown

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Purchase Price

$693k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$139k

Closing costs

1%

$6,927

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,628

Total Expenses

$6,031

Mortgage P&I

103%

$3,720

Property Taxes

21%

$763

Home Insurance

9%

$315

HOA

0%

$0

Property Management

12%

$435

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$399

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