REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,100 (target)

9789 Norman Rd, Clarkston, MI 48348

3 beds • 3 baths • 2028 sqft

Email

This property might be a fair Mid-Term investment with a projected 9.41% first-year return on $81,000 initial cash invested.

9.41%

Cash On Cash

9.82%

Cap Rate

1.48

DSCR

$4,100

Rent

$635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,100 income − $3,465 expenses = $635 cash flow

Income$4,100Mortgage P&I$1,65640%Property Taxes$3108%Insurance$1053%Management$49212%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45111%Cash Flow$635

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,100

Total Expenses

$3,465

Mortgage P&I

40%

$1,656

Property Taxes

8%

$310

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$492

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$451

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis