REI Lense

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$1,766 (target)

2384 Golden Shores Dr, Fenton, MI 48430

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $65,268 initial cash invested.

-12.26%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$1,766

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,766 income − $2,433 expenses = $667 out of pocket

Income$1,766Out of Pocket$667Mortgage P&I$1,57589%Property Taxes$28716%Insurance$1126%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,268

Downpayment

20%

$62,160

Closing costs

1%

$3,108

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,766

Total Expenses

$2,433

Mortgage P&I

89%

$1,575

Property Taxes

16%

$287

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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