REI Lense

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$2,478 (target)

42930 Little Rd, Clinton Township, MI 48036

3 beds • 4 baths • 3892 sqft

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This property looks like a bad Mid-Term investment with a projected -13.77% first-year return on $106k initial cash invested.

-13.77%

Cash On Cash

3.14%

Cap Rate

0.5

DSCR

$2,478

Rent

-$1,213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,478 income − $3,691 expenses = $1,213 out of pocket

Income$2,478Out of Pocket$1,213Mortgage P&I$2,20789%Property Taxes$46819%Insurance$1496%HOA$251%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27311%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,520

Closing costs

1%

$4,176

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,478

Total Expenses

$3,691

Mortgage P&I

89%

$2,207

Property Taxes

19%

$468

Home Insurance

6%

$149

HOA

1%

$25

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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