REI Lense

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$3,328 (target)

865 N Lapeer Rd, Lake Orion, MI 48362

3 beds • 3 baths • 2793 sqft

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This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $102k initial cash invested.

-2.2%

Cash On Cash

5.73%

Cap Rate

0.97

DSCR

$3,328

Rent

-$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,328 income − $3,515 expenses = $187 out of pocket

Income$3,328Out of Pocket$187Mortgage P&I$1,96259%Property Taxes$2828%Insurance$1404%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,328

Total Expenses

$3,515

Mortgage P&I

59%

$1,962

Property Taxes

8%

$282

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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