REI Lense

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$3,590 (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 Mid-Term investment with a projected -3.66% first-year return on $112k initial cash invested.

-3.66%

Cash On Cash

5.56%

Cap Rate

0.91

DSCR

$3,590

Rent

-$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $3,933 expenses = $343 out of pocket

Income$3,590Out of Pocket$343Mortgage P&I$2,28464%Property Taxes$2697%Insurance$1584%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$3,933

Mortgage P&I

64%

$2,284

Property Taxes

7%

$269

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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