REI Lense

REI Lense

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$3,134 (target)

54544 Waubay Dr, Macomb, MI 48042

3 beds • 4 baths • 3958 sqft

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This property looks like a bad Long-Term investment with a projected -8.69% first-year return on $104k initial cash invested.

-8.69%

Cash On Cash

4.56%

Cap Rate

0.76

DSCR

$3,134

Rent

-$756

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,134 income − $3,890 expenses = $756 out of pocket

Income$3,134Out of Pocket$756Mortgage P&I$2,48679%Property Taxes$36212%Insurance$2107%HOA$171%Management$31310%CapEx$1575%Vacancy$1886%Maintenance$1575%

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,420

Closing costs

1%

$4,971

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,134

Total Expenses

$3,890

Mortgage P&I

79%

$2,486

Property Taxes

12%

$362

Home Insurance

7%

$210

HOA

1%

$17

Property Management

10%

$313

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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