REI Lense

REI Lense

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$2,393 (target)

321 N Front St, Lake City, MI 49651

3 beds • 3 baths • 3162 sqft

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This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $94,479 initial cash invested.

-11.95%

Cash On Cash

3.9%

Cap Rate

0.64

DSCR

$2,393

Rent

-$941

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,393 income − $3,334 expenses = $941 out of pocket

Income$2,393Out of Pocket$941Mortgage P&I$2,28495%Property Taxes$26911%Insurance$1587%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,479

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,393

Total Expenses

$3,334

Mortgage P&I

95%

$2,284

Property Taxes

11%

$269

Home Insurance

7%

$158

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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