REI Lense

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$2,486 (target)

24355 Mary St, Taylor, MI 48180

3 beds • 2 baths • 1055 sqft

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This property might be a fair Mid-Term investment with a projected 6.1% first-year return on $57,627 initial cash invested.

6.1%

Cash On Cash

8.91%

Cap Rate

1.39

DSCR

$2,486

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,486 income − $2,193 expenses = $293 cash flow

Income$2,486Mortgage P&I$1,00941%Property Taxes$26611%Insurance$743%Management$29812%CapEx$994%Vacancy$753%Maintenance$994%Other$27311%Cash Flow$293

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,627

Downpayment

20%

$37,740

Closing costs

1%

$1,887

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,486

Total Expenses

$2,193

Mortgage P&I

41%

$1,009

Property Taxes

11%

$266

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$75

Maintenance

4%

$99

Other

11%

$273

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