REI Lense

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$4,881 (target)

4849 Betterly Dr, Cheboygan, MI 49721

3 beds • 3 baths • 2704 sqft

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This property could be a profitable Mid-Term investment with a projected 15.96% first-year return on $89,190 initial cash invested.

15.96%

Cash On Cash

11.02%

Cap Rate

1.8

DSCR

$4,881

Rent

$1,186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,881 income − $3,695 expenses = $1,186 cash flow

Income$4,881Mortgage P&I$1,73235%Property Taxes$1854%Insurance$1192%Management$58612%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53711%Cash Flow$1,186

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,881

Total Expenses

$3,695

Mortgage P&I

35%

$1,732

Property Taxes

4%

$185

Home Insurance

2%

$119

HOA

0%

$0

Property Management

12%

$586

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$537

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