REI Lense

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$1,786 (target)

2487 N Lapeer Rd, Lapeer, MI 48446

3 beds • 2 baths • 1847 sqft

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This property looks like a bad Long-Term investment with a projected -4.64% first-year return on $50,652 initial cash invested.

-4.64%

Cash On Cash

5.78%

Cap Rate

0.92

DSCR

$1,786

Rent

-$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,786 income − $1,982 expenses = $196 out of pocket

Income$1,786Out of Pocket$196Mortgage P&I$1,26971%Property Taxes$1619%Insurance$885%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,652

Downpayment

20%

$48,240

Closing costs

1%

$2,412

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,786

Total Expenses

$1,982

Mortgage P&I

71%

$1,269

Property Taxes

9%

$161

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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