REI Lense

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$1,749 (target)

15068 Millard Rd, Three Rivers, MI 49093

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Long-Term investment with a projected -20.13% first-year return on $87,990 initial cash invested.

-20.13%

Cash On Cash

2.19%

Cap Rate

0.35

DSCR

$1,749

Rent

-$1,476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,749 income − $3,225 expenses = $1,476 out of pocket

Income$1,749Out of Pocket$1,476Mortgage P&I$2,152123%Property Taxes$51429%Insurance$1056%Management$17510%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

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Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,990

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,749

Total Expenses

$3,225

Mortgage P&I

123%

$2,152

Property Taxes

29%

$514

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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