REI Lense

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$3,327 (target)

44100 Somerset Sq, Canton, MI 48187

3 beds • 3 baths • 1971 sqft

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This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $90,450 initial cash invested.

-1.62%

Cash On Cash

6.07%

Cap Rate

1.01

DSCR

$3,327

Rent

-$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,327 income − $3,449 expenses = $122 out of pocket

Income$3,327Out of Pocket$122Mortgage P&I$1,73352%Property Taxes$46414%Insurance$1163%HOA$5Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,327

Total Expenses

$3,449

Mortgage P&I

52%

$1,733

Property Taxes

14%

$464

Home Insurance

3%

$116

HOA

0%

$5

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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