REI Lense

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$3,018 (target)

1803 Pleasant Dr, Portage, MI 49002

3 beds • 2 baths • 1288 sqft

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This property looks like a bad Mid-Term investment with a projected -1.42% first-year return on $83,079 initial cash invested.

-1.42%

Cash On Cash

6.02%

Cap Rate

1.02

DSCR

$3,018

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,018 income − $3,116 expenses = $98 out of pocket

Income$3,018Out of Pocket$98Mortgage P&I$1,53251%Property Taxes$44915%Insurance$1084%Management$36212%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,018

Total Expenses

$3,116

Mortgage P&I

51%

$1,532

Property Taxes

15%

$449

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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