REI Lense

REI Lense

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$1,401 (target)

1218 12th St, Port Huron, MI 48060

3 beds • 2 baths • 1314 sqft

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This property might be a fair Long-Term investment with a projected 5.13% first-year return on $29,967 initial cash invested.

5.13%

Cash On Cash

7.97%

Cap Rate

1.26

DSCR

$1,401

Rent

$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,401 income − $1,273 expenses = $128 cash flow

Income$1,401Mortgage P&I$75054%Property Taxes$1178%Insurance$423%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%Cash Flow$128

Investment Breakdown

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Purchase Price

$143k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,967

Downpayment

20%

$28,540

Closing costs

1%

$1,427

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,401

Total Expenses

$1,273

Mortgage P&I

54%

$750

Property Taxes

8%

$117

Home Insurance

3%

$42

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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