REI Lense

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$2,805 (target)

19319 Weathervane Dr, Macomb, MI 48044

3 beds • 3 baths • 1843 sqft

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This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $98,388 initial cash invested.

-7.31%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$2,805

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $3,404 expenses = $599 out of pocket

Income$2,805Out of Pocket$599Mortgage P&I$1,94069%Property Taxes$34012%Insurance$1505%HOA$201%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,388

Downpayment

20%

$76,560

Closing costs

1%

$3,828

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,805

Total Expenses

$3,404

Mortgage P&I

69%

$1,940

Property Taxes

12%

$340

Home Insurance

5%

$150

HOA

1%

$20

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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