REI Lense

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$1,764 (target)

9568 Buckingham Rd, White Lake, MI 48386

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -22.67% first-year return on $137k initial cash invested.

-22.67%

Cash On Cash

1.34%

Cap Rate

0.23

DSCR

$1,764

Rent

-$2,579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,764 income − $4,343 expenses = $2,579 out of pocket

Income$1,764Out of Pocket$2,579Mortgage P&I$3,219182%Property Taxes$43825%Insurance$22813%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,764

Total Expenses

$4,343

Mortgage P&I

182%

$3,219

Property Taxes

25%

$438

Home Insurance

13%

$228

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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