REI Lense

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$3,464 (target)

3360 Lakeshore Dr, Monroe, MI 48162

3 beds • 2 baths • 2735 sqft

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This property looks like a bad Mid-Term investment with a projected -4% first-year return on $106k initial cash invested.

-4%

Cash On Cash

5.7%

Cap Rate

0.9

DSCR

$3,464

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $3,818 expenses = $354 out of pocket

Income$3,464Out of Pocket$354Mortgage P&I$2,21164%Property Taxes$2818%Insurance$1474%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,980

Closing costs

1%

$4,199

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$3,818

Mortgage P&I

64%

$2,211

Property Taxes

8%

$281

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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