REI Lense

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$3,238 (target)

52412 Pappy Ln, Shelby Township, MI 48316

3 beds • 2 baths • 2254 sqft

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This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $88,056 initial cash invested.

-0.23%

Cash On Cash

6.96%

Cap Rate

1.06

DSCR

$3,238

Rent

-$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,238 income − $3,255 expenses = $17 out of pocket

Income$3,238Out of Pocket$17Mortgage P&I$1,82156%Property Taxes$2538%Insurance$792%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35611%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,056

Downpayment

20%

$66,720

Closing costs

1%

$3,336

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,238

Total Expenses

$3,255

Mortgage P&I

56%

$1,821

Property Taxes

8%

$253

Home Insurance

2%

$79

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$356

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