REI Lense

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$2,646 (target)

9568 Buckingham Rd, White Lake, MI 48386

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Mid-Term investment with a projected -16.61% first-year return on $155k initial cash invested.

-16.61%

Cash On Cash

2.19%

Cap Rate

0.37

DSCR

$2,646

Rent

-$2,139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $4,785 expenses = $2,139 out of pocket

Income$2,646Out of Pocket$2,139Mortgage P&I$3,219122%Property Taxes$43817%Insurance$2289%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,646

Total Expenses

$4,785

Mortgage P&I

122%

$3,219

Property Taxes

17%

$438

Home Insurance

9%

$228

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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