REI Lense

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$3,354 (target)

6588 Snow Apple Dr, Clarkston, MI 48346

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $90,324 initial cash invested.

-3.27%

Cash On Cash

6.26%

Cap Rate

0.94

DSCR

$3,354

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,354 income − $3,600 expenses = $246 out of pocket

Income$3,354Out of Pocket$246Mortgage P&I$1,90957%Property Taxes$42913%Insurance$1224%Management$40212%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,324

Downpayment

20%

$68,880

Closing costs

1%

$3,444

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,354

Total Expenses

$3,600

Mortgage P&I

57%

$1,909

Property Taxes

13%

$429

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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