REI Lense

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$1,954 (target)

6970 Biscayne Ave, White Lake, MI 48383

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Long-Term investment with a projected -15% first-year return on $76,650 initial cash invested.

-15%

Cash On Cash

3.44%

Cap Rate

0.55

DSCR

$1,954

Rent

-$958

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,954 income − $2,912 expenses = $958 out of pocket

Income$1,954Out of Pocket$958Mortgage P&I$1,90597%Property Taxes$37119%Insurance$1287%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,954

Total Expenses

$2,912

Mortgage P&I

97%

$1,905

Property Taxes

19%

$371

Home Insurance

7%

$128

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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