REI Lense

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$3,906 (target)

143 Schorn Rd, Lake Orion, MI 48362

3 beds • 2 baths • 2642 sqft

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This property might be a fair Mid-Term investment with a projected 4.31% first-year return on $95,490 initial cash invested.

4.31%

Cash On Cash

7.86%

Cap Rate

1.26

DSCR

$3,906

Rent

$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,906 income − $3,563 expenses = $343 cash flow

Income$3,906Mortgage P&I$1,91749%Property Taxes$1895%Insurance$1293%Management$46912%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$43011%Cash Flow$343

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,906

Total Expenses

$3,563

Mortgage P&I

49%

$1,917

Property Taxes

5%

$189

Home Insurance

3%

$129

HOA

0%

$0

Property Management

12%

$469

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$430

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