REI Lense

REI Lense

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$1,691 (target)

21601 Holly St, Clinton Township, MI 48035

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $58,863 initial cash invested.

-11.29%

Cash On Cash

4.23%

Cap Rate

0.68

DSCR

$1,691

Rent

-$554

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,691 income − $2,245 expenses = $554 out of pocket

Income$1,691Out of Pocket$554Mortgage P&I$1,45686%Property Taxes$24915%Insurance$1006%Management$16910%CapEx$855%Vacancy$1016%Maintenance$855%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,863

Downpayment

20%

$56,060

Closing costs

1%

$2,803

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,691

Total Expenses

$2,245

Mortgage P&I

86%

$1,456

Property Taxes

15%

$249

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$101

Maintenance

5%

$85

Other

0%

$0

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