REI Lense

REI Lense

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$1,848 (target)

3010 Portage Rd, Niles, MI 49120

3 beds • 3 baths • 1685 sqft

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This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $69,300 initial cash invested.

-10.75%

Cash On Cash

4.06%

Cap Rate

0.68

DSCR

$1,848

Rent

-$621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,848 income − $2,469 expenses = $621 out of pocket

Income$1,848Out of Pocket$621Mortgage P&I$1,64689%Property Taxes$22412%Insurance$1196%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,848

Total Expenses

$2,469

Mortgage P&I

89%

$1,646

Property Taxes

12%

$224

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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