REI Lense

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$2,696 (target)

4069 Loch Dr, Highland, MI 48357

3 beds • 2 baths • 1769 sqft

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This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $96,876 initial cash invested.

-6.24%

Cash On Cash

4.67%

Cap Rate

0.79

DSCR

$2,696

Rent

-$504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,696 income − $3,200 expenses = $504 out of pocket

Income$2,696Out of Pocket$504Mortgage P&I$1,85769%Property Taxes$29211%Insurance$1335%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

|

Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,876

Downpayment

20%

$75,120

Closing costs

1%

$3,756

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,696

Total Expenses

$3,200

Mortgage P&I

69%

$1,857

Property Taxes

11%

$292

Home Insurance

5%

$133

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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