REI Lense

REI Lense

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$1,810 (target)

419 Richards Dr, Monroe, MI 48162

3 beds • 2 baths • 1755 sqft

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This property looks like a bad Long-Term investment with a projected -10.57% first-year return on $49,938 initial cash invested.

-10.57%

Cash On Cash

4.64%

Cap Rate

0.72

DSCR

$1,810

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,810 income − $2,250 expenses = $440 out of pocket

Income$1,810Out of Pocket$440Mortgage P&I$1,26970%Property Taxes$42724%Insurance$845%Management$18110%CapEx$905%Vacancy$1096%Maintenance$905%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,938

Downpayment

20%

$47,560

Closing costs

1%

$2,378

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,810

Total Expenses

$2,250

Mortgage P&I

70%

$1,269

Property Taxes

24%

$427

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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