REI Lense

REI Lense

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$2,633 (target)

2288 N Long Lake Rd, Fenton, MI 48430

3 beds • 3 baths • 1974 sqft

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This property looks like a bad Long-Term investment with a projected -21.31% first-year return on $169k initial cash invested.

-21.31%

Cash On Cash

1.83%

Cap Rate

0.3

DSCR

$2,633

Rent

-$3,007

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,633 income − $5,640 expenses = $3,007 out of pocket

Income$2,633Out of Pocket$3,007Mortgage P&I$4,103156%Property Taxes$55421%Insurance$29811%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$806k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$169k

Downpayment

20%

$161k

Closing costs

1%

$8,064

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,633

Total Expenses

$5,640

Mortgage P&I

156%

$4,103

Property Taxes

21%

$554

Home Insurance

11%

$298

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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