REI Lense

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$3,126 (target)

12721-27 Mile Rd, Washington, MI 48094

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Long-Term investment with a projected -20.61% first-year return on $117k initial cash invested.

-20.61%

Cash On Cash

2.1%

Cap Rate

0.34

DSCR

$3,126

Rent

-$2,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,126 income − $5,142 expenses = $2,016 out of pocket

Income$3,126Out of Pocket$2,016Mortgage P&I$2,83891%Property Taxes$1,08535%Insurance$40613%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,589

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,126

Total Expenses

$5,142

Mortgage P&I

91%

$2,838

Property Taxes

35%

$1,085

Home Insurance

13%

$406

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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