REI Lense

REI Lense

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$1,441 (target)

1819 Goddard Rd, Lincoln Park, MI 48146

3 beds • 2 baths • 994 sqft

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This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $35,700 initial cash invested.

-7.03%

Cash On Cash

5.82%

Cap Rate

0.86

DSCR

$1,441

Rent

-$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,441 income − $1,650 expenses = $209 out of pocket

Income$1,441Out of Pocket$209Mortgage P&I$96267%Property Taxes$25418%Insurance$604%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,441

Total Expenses

$1,650

Mortgage P&I

67%

$962

Property Taxes

18%

$254

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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