REI Lense

REI Lense

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$2,550 (target)

4077 Evelyn St, Traverse City, MI 49686

3 beds • 2 baths • 1465 sqft

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This property looks like a bad Long-Term investment with a projected -5.96% first-year return on $78,267 initial cash invested.

-5.96%

Cash On Cash

5.18%

Cap Rate

0.86

DSCR

$2,550

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,550 income − $2,939 expenses = $389 out of pocket

Income$2,550Out of Pocket$389Mortgage P&I$1,87073%Property Taxes$26911%Insurance$1365%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,267

Downpayment

20%

$74,540

Closing costs

1%

$3,727

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,550

Total Expenses

$2,939

Mortgage P&I

73%

$1,870

Property Taxes

11%

$269

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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