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865 N Lapeer Rd, Lake Orion, MI 48362

3 beds • 3 baths • 2793 sqft

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This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $83,979 initial cash invested.

-10.6%

Cash On Cash

3.99%

Cap Rate

0.68

DSCR

$2,219

Rent

-$742

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,219

Total Expenses

$2,961

Mortgage P&I

88%

$1,962

Property Taxes

13%

$282

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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