REI Lense

REI Lense

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$2,413 (target)

535 Goldengate St, Lake Orion, MI 48362

3 beds • 3 baths • 2304 sqft

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This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $82,236 initial cash invested.

-11.95%

Cash On Cash

4.12%

Cap Rate

0.66

DSCR

$2,413

Rent

-$819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,413 income − $3,232 expenses = $819 out of pocket

Income$2,413Out of Pocket$819Mortgage P&I$2,04485%Property Taxes$42017%Insurance$1406%Management$24110%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,236

Downpayment

20%

$78,320

Closing costs

1%

$3,916

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,413

Total Expenses

$3,232

Mortgage P&I

85%

$2,044

Property Taxes

17%

$420

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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