REI Lense

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$2,197 (target)

18974 Riverway Ct, Clinton Township, MI 48038

3 beds • 4 baths • 5958 sqft

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This property looks like a bad Long-Term investment with a projected -21.6% first-year return on $122k initial cash invested.

-21.6%

Cash On Cash

1.78%

Cap Rate

0.29

DSCR

$2,197

Rent

-$2,201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,197 income − $4,398 expenses = $2,201 out of pocket

Income$2,197Out of Pocket$2,201Mortgage P&I$2,957135%Property Taxes$65230%Insurance$21010%HOA$7Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,823

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,197

Total Expenses

$4,398

Mortgage P&I

135%

$2,957

Property Taxes

30%

$652

Home Insurance

10%

$210

HOA

0%

$7

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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