REI Lense

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$2,245 (target)

5030 Bronson Blvd, Portage, MI 49024

3 beds • 2 baths • 2133 sqft

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This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $70,539 initial cash invested.

-11.02%

Cash On Cash

4.18%

Cap Rate

0.69

DSCR

$2,245

Rent

-$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,245 income − $2,893 expenses = $648 out of pocket

Income$2,245Out of Pocket$648Mortgage P&I$1,70576%Property Taxes$48322%Insurance$1225%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,539

Downpayment

20%

$67,180

Closing costs

1%

$3,359

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,245

Total Expenses

$2,893

Mortgage P&I

76%

$1,705

Property Taxes

22%

$483

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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