REI Lense

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$3,470 (target)

1091 Plover Dr, Highland, MI 48357

3 beds • 3 baths • 2735 sqft

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This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $122k initial cash invested.

-6.9%

Cash On Cash

4.62%

Cap Rate

0.77

DSCR

$3,470

Rent

-$701

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,470 income − $4,171 expenses = $701 out of pocket

Income$3,470Out of Pocket$701Mortgage P&I$2,46971%Property Taxes$33410%Insurance$1735%HOA$15Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,470

Total Expenses

$4,171

Mortgage P&I

71%

$2,469

Property Taxes

10%

$334

Home Insurance

5%

$173

HOA

0%

$15

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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