REI Lense

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$4,148 (target)

1713 Town Commons Dr, Howell, MI 48855

3 beds • 4 baths • 3290 sqft

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This property looks like a bad Mid-Term investment with a projected -3.9% first-year return on $112k initial cash invested.

-3.9%

Cash On Cash

5.42%

Cap Rate

0.91

DSCR

$4,148

Rent

-$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,148 income − $4,514 expenses = $366 out of pocket

Income$4,148Out of Pocket$366Mortgage P&I$2,23154%Property Taxes$64015%Insurance$1584%HOA$752%Management$49812%CapEx$1664%Vacancy$1243%Maintenance$1664%Other$45611%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,148

Total Expenses

$4,514

Mortgage P&I

54%

$2,231

Property Taxes

15%

$640

Home Insurance

4%

$158

HOA

2%

$75

Property Management

12%

$498

CapEx

4%

$166

Vacancy

3%

$124

Maintenance

4%

$166

Other

11%

$456

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