REI Lense

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$4,701 (target)

54544 Waubay Dr, Macomb, MI 48042

3 beds • 4 baths • 3958 sqft

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This property might be a fair Mid-Term investment with a projected 0.27% first-year return on $122k initial cash invested.

0.27%

Cash On Cash

6.52%

Cap Rate

1.09

DSCR

$4,701

Rent

$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,701 income − $4,673 expenses = $28 cash flow

Income$4,701Mortgage P&I$2,48653%Property Taxes$3628%Insurance$2104%HOA$17Management$56412%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51711%Cash Flow$28

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,420

Closing costs

1%

$4,971

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,701

Total Expenses

$4,673

Mortgage P&I

53%

$2,486

Property Taxes

8%

$362

Home Insurance

4%

$210

HOA

0%

$17

Property Management

12%

$564

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$517

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