REI Lense

REI Lense

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$2,289 (target)

8965 Van Gordon Ave, White Lake, MI 48386

3 beds • 2 baths • 1325 sqft

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This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $83,790 initial cash invested.

-8.97%

Cash On Cash

4.45%

Cap Rate

0.74

DSCR

$2,289

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,915 expenses = $626 out of pocket

Income$2,289Out of Pocket$626Mortgage P&I$1,99187%Property Taxes$1908%Insurance$1406%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,289

Total Expenses

$2,915

Mortgage P&I

87%

$1,991

Property Taxes

8%

$190

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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