REI Lense

REI Lense

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$3,290 (target)

1661 Madeline Dr, Lapeer, MI 48446

3 beds • 3 baths • 2173 sqft

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This property looks like a bad Long-Term investment with a projected -0.81% first-year return on $76,713 initial cash invested.

-0.81%

Cash On Cash

6.34%

Cap Rate

1.06

DSCR

$3,290

Rent

-$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,290 income − $3,342 expenses = $52 out of pocket

Income$3,290Out of Pocket$52Mortgage P&I$1,81855%Property Taxes$53416%Insurance$1364%Management$32910%CapEx$1645%Vacancy$1976%Maintenance$1645%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,713

Downpayment

20%

$73,060

Closing costs

1%

$3,653

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,290

Total Expenses

$3,342

Mortgage P&I

55%

$1,818

Property Taxes

16%

$534

Home Insurance

4%

$136

HOA

0%

$0

Property Management

10%

$329

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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