REI Lense

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$2,376 (target)

6201 Cypress St, Portage, MI 49024

3 beds • 2 baths • 1996 sqft

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This property looks like a bad Long-Term investment with a projected -5.6% first-year return on $68,166 initial cash invested.

-5.6%

Cash On Cash

5.23%

Cap Rate

0.88

DSCR

$2,376

Rent

-$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,376 income − $2,694 expenses = $318 out of pocket

Income$2,376Out of Pocket$318Mortgage P&I$1,61468%Property Taxes$34414%Insurance$1175%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,166

Downpayment

20%

$64,920

Closing costs

1%

$3,246

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,376

Total Expenses

$2,694

Mortgage P&I

68%

$1,614

Property Taxes

14%

$344

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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