REI Lense

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$2,541 (target)

3302 Grant Rd, Rochester Hills, MI 48309

3 beds • 2 baths • 1340 sqft

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This property looks like a bad Long-Term investment with a projected -9.41% first-year return on $75,642 initial cash invested.

-9.41%

Cash On Cash

4.65%

Cap Rate

0.75

DSCR

$2,541

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,541 income − $3,134 expenses = $593 out of pocket

Income$2,541Out of Pocket$593Mortgage P&I$1,86273%Property Taxes$46218%Insurance$1506%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,642

Downpayment

20%

$72,040

Closing costs

1%

$3,602

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,541

Total Expenses

$3,134

Mortgage P&I

73%

$1,862

Property Taxes

18%

$462

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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