REI Lense

REI Lense

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$1,896 (target)

1013 Duncan Ave, Cheboygan, MI 49721

3 beds • 2 baths • 1315 sqft

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This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $51,093 initial cash invested.

-5.64%

Cash On Cash

5.71%

Cap Rate

0.89

DSCR

$1,896

Rent

-$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $2,136 expenses = $240 out of pocket

Income$1,896Out of Pocket$240Mortgage P&I$1,30269%Property Taxes$25313%Insurance$875%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,093

Downpayment

20%

$48,660

Closing costs

1%

$2,433

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,896

Total Expenses

$2,136

Mortgage P&I

69%

$1,302

Property Taxes

13%

$253

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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