REI Lense

REI Lense

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$1,660 (target)

3207 Erie Shore Dr, Monroe, MI 48162

3 beds • 2 baths • 1246 sqft

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This property looks like a bad Long-Term investment with a projected -0.82% first-year return on $41,223 initial cash invested.

-0.82%

Cash On Cash

6.88%

Cap Rate

1.05

DSCR

$1,660

Rent

-$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,660 income − $1,688 expenses = $28 out of pocket

Income$1,660Out of Pocket$28Mortgage P&I$1,07064%Property Taxes$1127%Insurance$664%HOA$8Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,223

Downpayment

20%

$39,260

Closing costs

1%

$1,963

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,660

Total Expenses

$1,688

Mortgage P&I

64%

$1,070

Property Taxes

7%

$112

Home Insurance

4%

$66

HOA

0%

$8

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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