REI Lense

REI Lense

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$2,787 (target)

790 Luna Ct, Lake Orion, MI 48362

3 beds • 2 baths • 1224 sqft

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This property might be a fair Long-Term investment with a projected 3.03% first-year return on $61,425 initial cash invested.

3.03%

Cash On Cash

7.08%

Cap Rate

1.21

DSCR

$2,787

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,787

Total Expenses

$2,632

Mortgage P&I

51%

$1,432

Property Taxes

13%

$373

Home Insurance

4%

$103

HOA

0%

$0

Property Management

10%

$279

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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