REI Lense

REI Lense

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$2,377 (target)

1112 Don Wayne Dr, Lapeer, MI 48446

3 beds • 2 baths • 3253 sqft

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This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $77,049 initial cash invested.

-8.33%

Cash On Cash

4.87%

Cap Rate

0.78

DSCR

$2,377

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,377 income − $2,912 expenses = $535 out of pocket

Income$2,377Out of Pocket$535Mortgage P&I$1,90680%Property Taxes$25711%Insurance$1305%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,049

Downpayment

20%

$73,380

Closing costs

1%

$3,669

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,377

Total Expenses

$2,912

Mortgage P&I

80%

$1,906

Property Taxes

11%

$257

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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