REI Lense

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790 Luna Ct, Lake Orion, MI 48362

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Airbnb investment with a projected -0.05% first-year return on $79,425 initial cash invested.

-0.05%

Cash On Cash

6.46%

Cap Rate

1.1

DSCR

$3,661

Rent

-$3

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

$79,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,661

Total Expenses

$3,664

Mortgage P&I

39%

$1,432

Property Taxes

10%

$373

Home Insurance

3%

$103

HOA

0%

$0

Property Management

15%

$549

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$915

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