REI Lense

REI Lense

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$1,698 (target)

35361 Lucinda Dr, Clinton Township, MI 48035

3 beds • 2 baths • 2247 sqft

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This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $54,285 initial cash invested.

-8.67%

Cash On Cash

4.81%

Cap Rate

0.77

DSCR

$1,698

Rent

-$392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,698 income − $2,090 expenses = $392 out of pocket

Income$1,698Out of Pocket$392Mortgage P&I$1,34379%Property Taxes$21413%Insurance$915%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,285

Downpayment

20%

$51,700

Closing costs

1%

$2,585

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,698

Total Expenses

$2,090

Mortgage P&I

79%

$1,343

Property Taxes

13%

$214

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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