REI Lense

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$2,910 (target)

8312 Whitmore Lake Rd, Brighton, MI 48116

3 beds • 2 baths • 2236 sqft

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This property looks like a bad Long-Term investment with a projected -20.32% first-year return on $144k initial cash invested.

-20.32%

Cash On Cash

2.77%

Cap Rate

0.41

DSCR

$2,910

Rent

-$2,438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,910 income − $5,348 expenses = $2,438 out of pocket

Income$2,910Out of Pocket$2,438Mortgage P&I$3,872133%Property Taxes$47316%Insurance$2458%Management$29110%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$686k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$137k

Closing costs

1%

$6,857

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,910

Total Expenses

$5,348

Mortgage P&I

133%

$3,872

Property Taxes

16%

$473

Home Insurance

8%

$245

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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