REI Lense

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$1,965 (target)

34404 Maynard St, Clinton Township, MI 48035

3 beds • 2 baths • 2310 sqft

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This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $52,269 initial cash invested.

-9.3%

Cash On Cash

4.96%

Cap Rate

0.77

DSCR

$1,965

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,965 income − $2,370 expenses = $405 out of pocket

Income$1,965Out of Pocket$405Mortgage P&I$1,33568%Property Taxes$43822%Insurance$874%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,269

Downpayment

20%

$49,780

Closing costs

1%

$2,489

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,965

Total Expenses

$2,370

Mortgage P&I

68%

$1,335

Property Taxes

22%

$438

Home Insurance

4%

$87

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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