REI Lense

REI Lense

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$2,650 (target)

57558 Suffield Dr, Washington, MI 48094

3 beds • 3 baths • 2095 sqft

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This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $97,293 initial cash invested.

-10.76%

Cash On Cash

4.02%

Cap Rate

0.68

DSCR

$2,650

Rent

-$872

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,650 income − $3,522 expenses = $872 out of pocket

Income$2,650Out of Pocket$872Mortgage P&I$2,29186%Property Taxes$34013%Insurance$1636%HOA$402%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$463k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,293

Downpayment

20%

$92,660

Closing costs

1%

$4,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,650

Total Expenses

$3,522

Mortgage P&I

86%

$2,291

Property Taxes

13%

$340

Home Insurance

6%

$163

HOA

2%

$40

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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