REI Lense

REI Lense

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$3,166 (target)

29523 Shenandoah Dr, Farmington Hills, MI 48331

3 beds • 3 baths • 3211 sqft

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This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $97,986 initial cash invested.

-8.44%

Cash On Cash

4.62%

Cap Rate

0.77

DSCR

$3,166

Rent

-$689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,166 income − $3,855 expenses = $689 out of pocket

Income$3,166Out of Pocket$689Mortgage P&I$2,32974%Property Taxes$51916%Insurance$1846%Management$31710%CapEx$1585%Vacancy$1906%Maintenance$1585%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,986

Downpayment

20%

$93,320

Closing costs

1%

$4,666

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,166

Total Expenses

$3,855

Mortgage P&I

74%

$2,329

Property Taxes

16%

$519

Home Insurance

6%

$184

HOA

0%

$0

Property Management

10%

$317

CapEx

5%

$158

Vacancy

6%

$190

Maintenance

5%

$158

Other

0%

$0

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