REI Lense

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$1,970 (target)

25505 Wick Rd, Taylor, MI 48180

3 beds • 2 baths • 1450 sqft

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This property might be a fair Long-Term investment with a projected 2.21% first-year return on $43,449 initial cash invested.

2.21%

Cash On Cash

7.44%

Cap Rate

1.16

DSCR

$1,970

Rent

$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $1,890 expenses = $80 cash flow

Income$1,970Mortgage P&I$1,10456%Property Taxes$19610%Insurance$794%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%Cash Flow$80

Investment Breakdown

|

Purchase Price

$207k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,449

Downpayment

20%

$41,380

Closing costs

1%

$2,069

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$1,890

Mortgage P&I

56%

$1,104

Property Taxes

10%

$196

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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