REI Lense

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$2,642 (target)

606 6th St, Fenton, MI 48430

3 beds • 4 baths • 3120 sqft

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This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $87,675 initial cash invested.

-13.52%

Cash On Cash

3.77%

Cap Rate

0.6

DSCR

$2,642

Rent

-$988

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $3,630 expenses = $988 out of pocket

Income$2,642Out of Pocket$988Mortgage P&I$2,16782%Property Taxes$59222%Insurance$1847%Management$26410%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,675

Downpayment

20%

$83,500

Closing costs

1%

$4,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,642

Total Expenses

$3,630

Mortgage P&I

82%

$2,167

Property Taxes

22%

$592

Home Insurance

7%

$184

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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