REI Lense

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$3,519 (target)

2115 20th St, Allegan, MI 49010

3 beds • 3 baths • 2132 sqft

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This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $98,850 initial cash invested.

-2.74%

Cash On Cash

6.13%

Cap Rate

0.96

DSCR

$3,519

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,519 income − $3,745 expenses = $226 out of pocket

Income$3,519Out of Pocket$226Mortgage P&I$2,05358%Property Taxes$36010%Insurance$1354%Management$42212%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38711%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,519

Total Expenses

$3,745

Mortgage P&I

58%

$2,053

Property Taxes

10%

$360

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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