REI Lense

REI Lense

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$2,318 (target)

10325 Michael Blvd, Pinckney, MI 48169

3 beds • 3 baths • 1488 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $80,997 initial cash invested.

-10.5%

Cash On Cash

4.2%

Cap Rate

0.69

DSCR

$2,318

Rent

-$709

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $3,027 expenses = $709 out of pocket

Income$2,318Out of Pocket$709Mortgage P&I$1,94384%Property Taxes$35615%Insurance$1255%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$386k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,997

Downpayment

20%

$77,140

Closing costs

1%

$3,857

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,318

Total Expenses

$3,027

Mortgage P&I

84%

$1,943

Property Taxes

15%

$356

Home Insurance

5%

$125

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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