REI Lense

REI Lense

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$2,050 (target)

11941 Townline Rd, Grand Blanc, MI 48439

3 beds • 2 baths • 2298 sqft

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This property looks like a bad Long-Term investment with a projected -13.68% first-year return on $64,554 initial cash invested.

-13.68%

Cash On Cash

4.13%

Cap Rate

0.63

DSCR

$2,050

Rent

-$736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,050 income − $2,786 expenses = $736 out of pocket

Income$2,050Out of Pocket$736Mortgage P&I$1,69383%Property Taxes$45622%Insurance$1055%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,554

Downpayment

20%

$61,480

Closing costs

1%

$3,074

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,050

Total Expenses

$2,786

Mortgage P&I

83%

$1,693

Property Taxes

22%

$456

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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