REI Lense

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$1,652 (target)

42930 Little Rd, Clinton Township, MI 48036

3 beds • 4 baths • 3892 sqft

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This property looks like a bad Long-Term investment with a projected -22.26% first-year return on $87,696 initial cash invested.

-22.26%

Cash On Cash

1.91%

Cap Rate

0.3

DSCR

$1,652

Rent

-$1,627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,652 income − $3,279 expenses = $1,627 out of pocket

Income$1,652Out of Pocket$1,627Mortgage P&I$2,207134%Property Taxes$46828%Insurance$1499%HOA$252%Management$16510%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,696

Downpayment

20%

$83,520

Closing costs

1%

$4,176

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,652

Total Expenses

$3,279

Mortgage P&I

134%

$2,207

Property Taxes

28%

$468

Home Insurance

9%

$149

HOA

2%

$25

Property Management

10%

$165

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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