REI Lense

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$3,572 (target)

9828 Hadley Rd, Clarkston, MI 48348

3 beds • 2 baths • 1662 sqft

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This property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $113k initial cash invested.

-4.67%

Cash On Cash

5.45%

Cap Rate

0.87

DSCR

$3,572

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,572 income − $4,010 expenses = $438 out of pocket

Income$3,572Out of Pocket$438Mortgage P&I$2,33765%Property Taxes$3008%Insurance$1584%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,572

Total Expenses

$4,010

Mortgage P&I

65%

$2,337

Property Taxes

8%

$300

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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