REI Lense

REI Lense

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$2,376 (target)

1804 Andrew St SE, Kentwood, MI 49508

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Long-Term investment with a projected -7.13% first-year return on $69,300 initial cash invested.

-7.13%

Cash On Cash

5.16%

Cap Rate

0.83

DSCR

$2,376

Rent

-$412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,376 income − $2,788 expenses = $412 out of pocket

Income$2,376Out of Pocket$412Mortgage P&I$1,71372%Property Taxes$33814%Insurance$1185%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,376

Total Expenses

$2,788

Mortgage P&I

72%

$1,713

Property Taxes

14%

$338

Home Insurance

5%

$118

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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