REI Lense

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$2,750 (target)

3008 Lakeshore Dr, Monroe, MI 48162

3 beds • 2 baths • 1418 sqft

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This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $100k initial cash invested.

-11.25%

Cash On Cash

3.69%

Cap Rate

0.59

DSCR

$2,750

Rent

-$939

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,750 income − $3,689 expenses = $939 out of pocket

Income$2,750Out of Pocket$939Mortgage P&I$2,03274%Property Taxes$61022%Insurance$1054%HOA$8Management$33012%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%

Investment Breakdown

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Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,260

Closing costs

1%

$3,913

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,750

Total Expenses

$3,689

Mortgage P&I

74%

$2,032

Property Taxes

22%

$610

Home Insurance

4%

$105

HOA

0%

$8

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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