REI Lense

REI Lense

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$2,177 (target)

6057 Center Rd, Grand Blanc, MI 48439

3 beds • 3 baths • 1734 sqft

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This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $91,686 initial cash invested.

-16.36%

Cash On Cash

2.92%

Cap Rate

0.48

DSCR

$2,177

Rent

-$1,250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,177 income − $3,427 expenses = $1,250 out of pocket

Income$2,177Out of Pocket$1,250Mortgage P&I$2,204101%Property Taxes$50023%Insurance$1567%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,686

Downpayment

20%

$87,320

Closing costs

1%

$4,366

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,177

Total Expenses

$3,427

Mortgage P&I

101%

$2,204

Property Taxes

23%

$500

Home Insurance

7%

$156

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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