REI Lense

REI Lense

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$1,294 (target)

6540 Cedar Lake Rd, Oscoda, MI 48750

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Long-Term investment with a projected -5.65% first-year return on $35,028 initial cash invested.

-5.65%

Cash On Cash

6.07%

Cap Rate

0.89

DSCR

$1,294

Rent

-$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,294 income − $1,459 expenses = $165 out of pocket

Income$1,294Out of Pocket$165Mortgage P&I$94473%Property Taxes$1189%Insurance$605%Management$12910%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,028

Downpayment

20%

$33,360

Closing costs

1%

$1,668

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,294

Total Expenses

$1,459

Mortgage P&I

73%

$944

Property Taxes

9%

$118

Home Insurance

5%

$60

HOA

0%

$0

Property Management

10%

$129

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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