REI Lense

REI Lense

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$1,633 (target)

221 Borgess Ave, Monroe, MI 48162

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $46,326 initial cash invested.

-8.03%

Cash On Cash

5.03%

Cap Rate

0.8

DSCR

$1,633

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,633 income − $1,943 expenses = $310 out of pocket

Income$1,633Out of Pocket$310Mortgage P&I$1,15371%Property Taxes$28818%Insurance$775%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,326

Downpayment

20%

$44,120

Closing costs

1%

$2,206

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,633

Total Expenses

$1,943

Mortgage P&I

71%

$1,153

Property Taxes

18%

$288

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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