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$2,878 (target)

751 Nelson William Dr, Lake Orion, MI 48462

3 beds • 2 baths • 3302 sqft

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This property looks like a bad Mid-Term investment with a projected -12.94% first-year return on $118k initial cash invested.

-12.94%

Cash On Cash

3.03%

Cap Rate

0.51

DSCR

$2,878

Rent

-$1,271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,878 income − $4,149 expenses = $1,271 out of pocket

Income$2,878Out of Pocket$1,271Mortgage P&I$2,35882%Property Taxes$59321%Insurance$1706%HOA$502%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,120

Closing costs

1%

$4,756

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,878

Total Expenses

$4,149

Mortgage P&I

82%

$2,358

Property Taxes

21%

$593

Home Insurance

6%

$170

HOA

2%

$50

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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