REI Lense

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$4,300 (target)

219 Allen Lake Dr, White Lake, MI 48386

3 beds • 2 baths • 1926 sqft

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This property might be a fair Mid-Term investment with a projected 6.7% first-year return on $96,750 initial cash invested.

6.7%

Cash On Cash

8.39%

Cap Rate

1.37

DSCR

$4,300

Rent

$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,300 income − $3,760 expenses = $540 cash flow

Income$4,300Mortgage P&I$1,91044%Property Taxes$2446%Insurance$1313%HOA$13Management$51612%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47311%Cash Flow$540

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,300

Total Expenses

$3,760

Mortgage P&I

44%

$1,910

Property Taxes

6%

$244

Home Insurance

3%

$131

HOA

0%

$13

Property Management

12%

$516

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$473

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