REI Lense

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$3,238 (target)

10106 Orchard Ridge Ct, Holly, MI 48442

3 beds • 3 baths • 2382 sqft

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This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $94,293 initial cash invested.

-4.12%

Cash On Cash

5.57%

Cap Rate

0.9

DSCR

$3,238

Rent

-$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,238 income − $3,562 expenses = $324 out of pocket

Income$3,238Out of Pocket$324Mortgage P&I$1,88058%Property Taxes$42313%Insurance$1123%HOA$451%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35611%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,293

Downpayment

20%

$72,660

Closing costs

1%

$3,633

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,238

Total Expenses

$3,562

Mortgage P&I

58%

$1,880

Property Taxes

13%

$423

Home Insurance

3%

$112

HOA

1%

$45

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$356

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