REI Lense

REI Lense

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$2,236 (target)

6588 Snow Apple Dr, Clarkston, MI 48346

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Long-Term investment with a projected -13.37% first-year return on $72,324 initial cash invested.

-13.37%

Cash On Cash

4.23%

Cap Rate

0.64

DSCR

$2,236

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,236 income − $3,042 expenses = $806 out of pocket

Income$2,236Out of Pocket$806Mortgage P&I$1,90985%Property Taxes$42919%Insurance$1225%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,324

Downpayment

20%

$68,880

Closing costs

1%

$3,444

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,236

Total Expenses

$3,042

Mortgage P&I

85%

$1,909

Property Taxes

19%

$429

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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