REI Lense

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$2,673 (target)

50483 Heatherwood Ln, Shelby Township, MI 48317

3 beds • 4 baths • 2793 sqft

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This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $98,469 initial cash invested.

-12.05%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$2,673

Rent

-$989

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,673 income − $3,662 expenses = $989 out of pocket

Income$2,673Out of Pocket$989Mortgage P&I$2,34388%Property Taxes$45817%Insurance$1666%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,469

Downpayment

20%

$93,780

Closing costs

1%

$4,689

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,673

Total Expenses

$3,662

Mortgage P&I

88%

$2,343

Property Taxes

17%

$458

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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