REI Lense

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$5,334 (target)

10137 Devonshire Dr, South Lyon, MI 48178

3 beds • 4 baths • 3850 sqft

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This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $139k initial cash invested.

-1.35%

Cash On Cash

6.2%

Cap Rate

1.02

DSCR

$5,334

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,334 income − $5,490 expenses = $156 out of pocket

Income$5,334Out of Pocket$156Mortgage P&I$2,91655%Property Taxes$53010%Insurance$2014%HOA$301%Management$64012%CapEx$2134%Vacancy$1603%Maintenance$2134%Other$58711%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,334

Total Expenses

$5,490

Mortgage P&I

55%

$2,916

Property Taxes

10%

$530

Home Insurance

4%

$201

HOA

1%

$30

Property Management

12%

$640

CapEx

4%

$213

Vacancy

3%

$160

Maintenance

4%

$213

Other

11%

$587

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