REI Lense

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$2,900 (target)

322 Princeton Dr, South Lyon, MI 48178

3 beds • 2 baths • 1547 sqft

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This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $92,466 initial cash invested.

-7.42%

Cash On Cash

4.56%

Cap Rate

0.75

DSCR

$2,900

Rent

-$572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,900 income − $3,472 expenses = $572 out of pocket

Income$2,900Out of Pocket$572Mortgage P&I$1,80462%Property Taxes$54319%Insurance$1224%HOA$171%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,466

Downpayment

20%

$70,920

Closing costs

1%

$3,546

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,900

Total Expenses

$3,472

Mortgage P&I

62%

$1,804

Property Taxes

19%

$543

Home Insurance

4%

$122

HOA

1%

$17

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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