REI Lense

REI Lense

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$3,296 (target)

54311 Lawson Creek Dr, Shelby Township, MI 48316

3 beds • 3 baths • 2469 sqft

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This property looks like a bad Long-Term investment with a projected -17.93% first-year return on $146k initial cash invested.

-17.93%

Cash On Cash

2.55%

Cap Rate

0.42

DSCR

$3,296

Rent

-$2,185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,296 income − $5,481 expenses = $2,185 out of pocket

Income$3,296Out of Pocket$2,185Mortgage P&I$3,500106%Property Taxes$83525%Insurance$2488%HOA$401%Management$33010%CapEx$1655%Vacancy$1986%Maintenance$1655%

Investment Breakdown

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Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,965

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,296

Total Expenses

$5,481

Mortgage P&I

106%

$3,500

Property Taxes

25%

$835

Home Insurance

8%

$248

HOA

1%

$40

Property Management

10%

$330

CapEx

5%

$165

Vacancy

6%

$198

Maintenance

5%

$165

Other

0%

$0

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