REI Lense

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$2,745 (target)

7389 Oak Forest Dr, Clarkston, MI 48346

3 beds • 3 baths • 3505 sqft

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This property looks like a bad Long-Term investment with a projected -20.28% first-year return on $133k initial cash invested.

-20.28%

Cash On Cash

2.62%

Cap Rate

0.4

DSCR

$2,745

Rent

-$2,247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,745 income − $4,992 expenses = $2,247 out of pocket

Income$2,745Out of Pocket$2,247Mortgage P&I$3,492127%Property Taxes$55920%Insurance$2288%Management$27410%CapEx$1375%Vacancy$1656%Maintenance$1375%

Investment Breakdown

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Purchase Price

$633k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$127k

Closing costs

1%

$6,331

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,745

Total Expenses

$4,992

Mortgage P&I

127%

$3,492

Property Taxes

20%

$559

Home Insurance

8%

$228

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$165

Maintenance

5%

$137

Other

0%

$0

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