REI Lense

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$1,663 (target)

605 Webb Dr, Bay City, MI 48706

3 beds • 3 baths • 2030 sqft

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This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $43,848 initial cash invested.

-7.28%

Cash On Cash

5.49%

Cap Rate

0.84

DSCR

$1,663

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,663 income − $1,929 expenses = $266 out of pocket

Income$1,663Out of Pocket$266Mortgage P&I$1,13868%Property Taxes$28517%Insurance$744%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,848

Downpayment

20%

$41,760

Closing costs

1%

$2,088

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,663

Total Expenses

$1,929

Mortgage P&I

68%

$1,138

Property Taxes

17%

$285

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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