REI Lense

REI Lense

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$1,858 (target)

5625 Turkey Foot Trl, Gaylord, MI 49735

3 beds • 2 baths • 1352 sqft

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This property looks like a bad Long-Term investment with a projected -1.27% first-year return on $48,279 initial cash invested.

-1.27%

Cash On Cash

6.49%

Cap Rate

1.03

DSCR

$1,858

Rent

-$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $1,909 expenses = $51 out of pocket

Income$1,858Out of Pocket$51Mortgage P&I$1,20165%Property Taxes$1046%Insurance$804%HOA$412%Management$18610%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,858

Total Expenses

$1,909

Mortgage P&I

65%

$1,201

Property Taxes

6%

$104

Home Insurance

4%

$80

HOA

2%

$41

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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