REI Lense

REI Lense

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$2,649 (target)

41411 Greenwood Dr, Canton, MI 48187

3 beds • 3 baths • 2983 sqft

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This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $77,217 initial cash invested.

-8.72%

Cash On Cash

4.66%

Cap Rate

0.77

DSCR

$2,649

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $3,210 expenses = $561 out of pocket

Income$2,649Out of Pocket$561Mortgage P&I$1,85670%Property Taxes$53520%Insurance$1315%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,217

Downpayment

20%

$73,540

Closing costs

1%

$3,677

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,649

Total Expenses

$3,210

Mortgage P&I

70%

$1,856

Property Taxes

20%

$535

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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