REI Lense

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$2,772 (target)

221 Armitage Dr, Monroe, MI 48162

3 beds • 3 baths • 2888 sqft

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This property looks like a bad Mid-Term investment with a projected -4.52% first-year return on $80,979 initial cash invested.

-4.52%

Cash On Cash

5.85%

Cap Rate

0.88

DSCR

$2,772

Rent

-$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,772 income − $3,077 expenses = $305 out of pocket

Income$2,772Out of Pocket$305Mortgage P&I$1,65560%Property Taxes$37413%Insurance$1054%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,772

Total Expenses

$3,077

Mortgage P&I

60%

$1,655

Property Taxes

13%

$374

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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