REI Lense

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$2,649 (target)

2384 Golden Shores Dr, Fenton, MI 48430

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $83,268 initial cash invested.

-3.24%

Cash On Cash

5.62%

Cap Rate

0.92

DSCR

$2,649

Rent

-$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $2,874 expenses = $225 out of pocket

Income$2,649Out of Pocket$225Mortgage P&I$1,57559%Property Taxes$28711%Insurance$1124%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,268

Downpayment

20%

$62,160

Closing costs

1%

$3,108

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,649

Total Expenses

$2,874

Mortgage P&I

59%

$1,575

Property Taxes

11%

$287

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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