REI Lense

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$1,326 (target)

1307 South Dr, Mount Pleasant, MI 48858

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $45,003 initial cash invested.

-13.73%

Cash On Cash

3.99%

Cap Rate

0.61

DSCR

$1,326

Rent

-$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,326 income − $1,841 expenses = $515 out of pocket

Income$1,326Out of Pocket$515Mortgage P&I$1,16288%Property Taxes$25719%Insurance$776%Management$13310%CapEx$665%Vacancy$806%Maintenance$665%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,003

Downpayment

20%

$42,860

Closing costs

1%

$2,143

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,326

Total Expenses

$1,841

Mortgage P&I

88%

$1,162

Property Taxes

19%

$257

Home Insurance

6%

$77

HOA

0%

$0

Property Management

10%

$133

CapEx

5%

$66

Vacancy

6%

$80

Maintenance

5%

$66

Other

0%

$0

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