REI Lense

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$2,659 (target)

8520 Englewood Dr, Clarkston, MI 48346

3 beds • 3 baths • 3238 sqft

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This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $117k initial cash invested.

-14.64%

Cash On Cash

3.41%

Cap Rate

0.55

DSCR

$2,659

Rent

-$1,432

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,659 income − $4,091 expenses = $1,432 out of pocket

Income$2,659Out of Pocket$1,432Mortgage P&I$2,887109%Property Taxes$31112%Insurance$2018%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,588

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,659

Total Expenses

$4,091

Mortgage P&I

109%

$2,887

Property Taxes

12%

$311

Home Insurance

8%

$201

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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