REI Lense

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$1,300 (target)

36714 Kimberly St, Clinton Township, MI 48035

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Long-Term investment with a projected -17.37% first-year return on $65,079 initial cash invested.

-17.37%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$1,300

Rent

-$942

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,300 income − $2,242 expenses = $942 out of pocket

Income$1,300Out of Pocket$942Mortgage P&I$1,561120%Property Taxes$23518%Insurance$1088%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,300

Total Expenses

$2,242

Mortgage P&I

120%

$1,561

Property Taxes

18%

$235

Home Insurance

8%

$108

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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