REI Lense

REI Lense

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$2,385 (target)

6103 Thorneycroft Dr, Shelby Township, MI 48316

3 beds • 2 baths • 2902 sqft

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This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $81,690 initial cash invested.

-10.27%

Cash On Cash

4.6%

Cap Rate

0.72

DSCR

$2,385

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $3,084 expenses = $699 out of pocket

Income$2,385Out of Pocket$699Mortgage P&I$2,07087%Property Taxes$25711%Insurance$1386%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,385

Total Expenses

$3,084

Mortgage P&I

87%

$2,070

Property Taxes

11%

$257

Home Insurance

6%

$138

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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