REI Lense

REI Lense

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$2,055 (target)

15875 Boreas Dr, Macomb, MI 48044

3 beds • 2 baths • 2818 sqft

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This property looks like a bad Long-Term investment with a projected -10.8% first-year return on $72,471 initial cash invested.

-10.8%

Cash On Cash

4.11%

Cap Rate

0.68

DSCR

$2,055

Rent

-$652

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,055 income − $2,707 expenses = $652 out of pocket

Income$2,055Out of Pocket$652Mortgage P&I$1,73284%Property Taxes$31815%Insurance$1226%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,471

Downpayment

20%

$69,020

Closing costs

1%

$3,451

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,055

Total Expenses

$2,707

Mortgage P&I

84%

$1,732

Property Taxes

15%

$318

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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