REI Lense

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$3,259 (target)

53908 Lawson Creek Dr, Shelby Township, MI 48316

3 beds • 3 baths • 2355 sqft

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This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $149k initial cash invested.

-18.31%

Cash On Cash

2.52%

Cap Rate

0.41

DSCR

$3,259

Rent

-$2,275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,259 income − $5,534 expenses = $2,275 out of pocket

Income$3,259Out of Pocket$2,275Mortgage P&I$3,601110%Property Taxes$79724%Insurance$2488%HOA$401%Management$32610%CapEx$1635%Vacancy$1966%Maintenance$1635%

Investment Breakdown

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Purchase Price

$710k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$142k

Closing costs

1%

$7,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,259

Total Expenses

$5,534

Mortgage P&I

110%

$3,601

Property Taxes

24%

$797

Home Insurance

8%

$248

HOA

1%

$40

Property Management

10%

$326

CapEx

5%

$163

Vacancy

6%

$196

Maintenance

5%

$163

Other

0%

$0

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