REI Lense

REI Lense

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$1,920 (target)

1880 Cherry Creek Trl, Grayling, MI 49738

3 beds • 2 baths • 1852 sqft

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This property looks like a bad Long-Term investment with a projected -8.27% first-year return on $76,146 initial cash invested.

-8.27%

Cash On Cash

4.51%

Cap Rate

0.76

DSCR

$1,920

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $2,445 expenses = $525 out of pocket

Income$1,920Out of Pocket$525Mortgage P&I$1,79393%Property Taxes$191%Insurance$1347%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,146

Downpayment

20%

$72,520

Closing costs

1%

$3,626

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,920

Total Expenses

$2,445

Mortgage P&I

93%

$1,793

Property Taxes

1%

$19

Home Insurance

7%

$134

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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