REI Lense

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$2,773 (target)

321 Elio, Highland, MI 48357

3 beds • 3 baths • 5700 sqft

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This property looks like a bad Long-Term investment with a projected -20.69% first-year return on $143k initial cash invested.

-20.69%

Cash On Cash

1.93%

Cap Rate

0.32

DSCR

$2,773

Rent

-$2,472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,773 income − $5,245 expenses = $2,472 out of pocket

Income$2,773Out of Pocket$2,472Mortgage P&I$3,430124%Property Taxes$82330%Insurance$27110%Management$27710%CapEx$1395%Vacancy$1666%Maintenance$1395%

Investment Breakdown

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Purchase Price

$683k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$137k

Closing costs

1%

$6,826

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,773

Total Expenses

$5,245

Mortgage P&I

124%

$3,430

Property Taxes

30%

$823

Home Insurance

10%

$271

HOA

0%

$0

Property Management

10%

$277

CapEx

5%

$139

Vacancy

6%

$166

Maintenance

5%

$139

Other

0%

$0

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