REI Lense

REI Lense

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$3,030 (target)

8245 Kier Rd, Clarkston, MI 48348

3 beds • 3 baths • 2748 sqft

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This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $153k initial cash invested.

-18.31%

Cash On Cash

2.68%

Cap Rate

0.43

DSCR

$3,030

Rent

-$2,339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,030 income − $5,369 expenses = $2,339 out of pocket

Income$3,030Out of Pocket$2,339Mortgage P&I$3,818126%Property Taxes$50617%Insurance$2568%Management$30310%CapEx$1525%Vacancy$1826%Maintenance$1525%

Investment Breakdown

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Purchase Price

$730k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$146k

Closing costs

1%

$7,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,030

Total Expenses

$5,369

Mortgage P&I

126%

$3,818

Property Taxes

17%

$506

Home Insurance

8%

$256

HOA

0%

$0

Property Management

10%

$303

CapEx

5%

$152

Vacancy

6%

$182

Maintenance

5%

$152

Other

0%

$0

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