REI Lense

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$3,056 (target)

10435 Spring St, Fenton, MI 48430

3 beds • 2 baths • 1798 sqft

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This property looks like a bad Mid-Term investment with a projected -12.26% first-year return on $121k initial cash invested.

-12.26%

Cash On Cash

3.37%

Cap Rate

0.55

DSCR

$3,056

Rent

-$1,238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,056 income − $4,294 expenses = $1,238 out of pocket

Income$3,056Out of Pocket$1,238Mortgage P&I$2,49582%Property Taxes$49216%Insurance$2287%HOA$401%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,280

Closing costs

1%

$4,914

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,056

Total Expenses

$4,294

Mortgage P&I

82%

$2,495

Property Taxes

16%

$492

Home Insurance

7%

$228

HOA

1%

$40

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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