REI Lense

REI Lense

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$2,604 (target)

143 Schorn Rd, Lake Orion, MI 48362

3 beds • 2 baths • 2642 sqft

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This property looks like a bad Long-Term investment with a projected -4.75% first-year return on $77,490 initial cash invested.

-4.75%

Cash On Cash

5.66%

Cap Rate

0.91

DSCR

$2,604

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,604 income − $2,911 expenses = $307 out of pocket

Income$2,604Out of Pocket$307Mortgage P&I$1,91774%Property Taxes$1897%Insurance$1295%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,604

Total Expenses

$2,911

Mortgage P&I

74%

$1,917

Property Taxes

7%

$189

Home Insurance

5%

$129

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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