REI Lense

REI Lense

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$4,022 (target)

341 Ridgewood Rd, Rochester, MI 48306

3 beds • 4 baths • 3824 sqft

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This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $134k initial cash invested.

-7.95%

Cash On Cash

4.68%

Cap Rate

0.78

DSCR

$4,022

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$638k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$128k

Closing costs

1%

$6,378

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,022

Total Expenses

$4,909

Mortgage P&I

79%

$3,174

Property Taxes

12%

$470

Home Insurance

5%

$206

HOA

0%

$14

Property Management

10%

$402

CapEx

5%

$201

Vacancy

6%

$241

Maintenance

5%

$201

Other

0%

$0

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