REI Lense

REI Lense

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$1,883 (target)

1155 Cardinal Ct, Gaylord, MI 49735

3 beds • 2 baths • 1821 sqft

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This property looks like a bad Long-Term investment with a projected -6.18% first-year return on $56,658 initial cash invested.

-6.18%

Cash On Cash

5.18%

Cap Rate

0.85

DSCR

$1,883

Rent

-$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,883 income − $2,175 expenses = $292 out of pocket

Income$1,883Out of Pocket$292Mortgage P&I$1,36272%Property Taxes$18610%Insurance$985%HOA$402%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,658

Downpayment

20%

$53,960

Closing costs

1%

$2,698

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,883

Total Expenses

$2,175

Mortgage P&I

72%

$1,362

Property Taxes

10%

$186

Home Insurance

5%

$98

HOA

2%

$40

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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