REI Lense

REI Lense

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$2,470 (target)

3290 Signal Point Dr, Allegan, MI 49010

3 beds • 2 baths • 1332 sqft

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This property looks like a bad Long-Term investment with a projected -7.47% first-year return on $78,078 initial cash invested.

-7.47%

Cash On Cash

4.83%

Cap Rate

0.81

DSCR

$2,470

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,078

Downpayment

20%

$74,360

Closing costs

1%

$3,718

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,470

Total Expenses

$2,956

Mortgage P&I

75%

$1,857

Property Taxes

13%

$325

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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