REI Lense

REI Lense

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$3,331 (target)

318 Province Ln, Canton, MI 48188

3 beds • 4 baths • 3027 sqft

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This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $131k initial cash invested.

-16.97%

Cash On Cash

2.8%

Cap Rate

0.46

DSCR

$3,331

Rent

-$1,856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,331 income − $5,187 expenses = $1,856 out of pocket

Income$3,331Out of Pocket$1,856Mortgage P&I$3,14694%Property Taxes$83025%Insurance$2197%HOA$1254%Management$33310%CapEx$1675%Vacancy$2006%Maintenance$1675%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,331

Total Expenses

$5,187

Mortgage P&I

94%

$3,146

Property Taxes

25%

$830

Home Insurance

7%

$219

HOA

4%

$125

Property Management

10%

$333

CapEx

5%

$167

Vacancy

6%

$200

Maintenance

5%

$167

Other

0%

$0

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