REI Lense

REI Lense

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$1,800 (target)

109 Parkshore Dr, Battle Creek, MI 49014

3 beds • 3 baths • 2210 sqft

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This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $56,070 initial cash invested.

-8.88%

Cash On Cash

4.52%

Cap Rate

0.76

DSCR

$1,800

Rent

-$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,800 income − $2,215 expenses = $415 out of pocket

Income$1,800Out of Pocket$415Mortgage P&I$1,33174%Property Taxes$31217%Insurance$965%HOA$8Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,070

Downpayment

20%

$53,400

Closing costs

1%

$2,670

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,800

Total Expenses

$2,215

Mortgage P&I

74%

$1,331

Property Taxes

17%

$312

Home Insurance

5%

$96

HOA

0%

$8

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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