REI Lense

REI Lense

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$2,031 (target)

111 Pinecrest Dr, Gaylord, MI 49735

3 beds • 2 baths • 2808 sqft

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This property looks like a bad Long-Term investment with a projected -6.5% first-year return on $69,090 initial cash invested.

-6.5%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$2,031

Rent

-$374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,031 income − $2,405 expenses = $374 out of pocket

Income$2,031Out of Pocket$374Mortgage P&I$1,62780%Property Taxes$1347%Insurance$1156%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,031

Total Expenses

$2,405

Mortgage P&I

80%

$1,627

Property Taxes

7%

$134

Home Insurance

6%

$115

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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