REI Lense

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$2,932 (target)

718 Miller Rd, Lake Orion, MI 48362

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $79,467 initial cash invested.

-0.85%

Cash On Cash

6.4%

Cap Rate

1.04

DSCR

$2,932

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,932 income − $2,988 expenses = $56 out of pocket

Income$2,932Out of Pocket$56Mortgage P&I$1,49951%Property Taxes$38713%Insurance$1054%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,467

Downpayment

20%

$58,540

Closing costs

1%

$2,927

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,932

Total Expenses

$2,988

Mortgage P&I

51%

$1,499

Property Taxes

13%

$387

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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