REI Lense

REI Lense

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$1,585 (target)

3400 Ludwig Rd, Oxford, MI 48371

3 beds • 2 baths • 3150 sqft

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This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $83,580 initial cash invested.

-19.05%

Cash On Cash

2.22%

Cap Rate

0.37

DSCR

$1,585

Rent

-$1,327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,585 income − $2,912 expenses = $1,327 out of pocket

Income$1,585Out of Pocket$1,327Mortgage P&I$1,985125%Property Taxes$38124%Insurance$1359%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,580

Downpayment

20%

$79,600

Closing costs

1%

$3,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,585

Total Expenses

$2,912

Mortgage P&I

125%

$1,985

Property Taxes

24%

$381

Home Insurance

9%

$135

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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