REI Lense

REI Lense

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$2,005 (target)

1209 Morris Dr, Niles, MI 49120

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $116k initial cash invested.

-18.74%

Cash On Cash

2.41%

Cap Rate

0.39

DSCR

$2,005

Rent

-$1,807

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,005 income − $3,812 expenses = $1,807 out of pocket

Income$2,005Out of Pocket$1,807Mortgage P&I$2,813140%Property Taxes$28614%Insurance$19310%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

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Purchase Price

$551k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,509

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,005

Total Expenses

$3,812

Mortgage P&I

140%

$2,813

Property Taxes

14%

$286

Home Insurance

10%

$193

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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