REI Lense

REI Lense

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$2,995 (target)

28841 Grayfield Dr, Farmington Hills, MI 48336

3 beds • 2 baths • 1930 sqft

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This property looks like a bad Long-Term investment with a projected -3.9% first-year return on $72,954 initial cash invested.

-3.9%

Cash On Cash

6.32%

Cap Rate

0.95

DSCR

$2,995

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,995 income − $3,232 expenses = $237 out of pocket

Income$2,995Out of Pocket$237Mortgage P&I$1,91864%Property Taxes$41214%Insurance$1224%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,954

Downpayment

20%

$69,480

Closing costs

1%

$3,474

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,995

Total Expenses

$3,232

Mortgage P&I

64%

$1,918

Property Taxes

14%

$412

Home Insurance

4%

$122

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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