REI Lense

REI Lense

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$2,488 (target)

4905 Frontier Ln, Saginaw, MI 48603

3 beds • 3 baths • 3079 sqft

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This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $71,190 initial cash invested.

-5.92%

Cash On Cash

5.24%

Cap Rate

0.87

DSCR

$2,488

Rent

-$351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $2,839 expenses = $351 out of pocket

Income$2,488Out of Pocket$351Mortgage P&I$1,70869%Property Taxes$36615%Insurance$1195%Management$24910%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,488

Total Expenses

$2,839

Mortgage P&I

69%

$1,708

Property Taxes

15%

$366

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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