REI Lense

REI Lense

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$3,947 (target)

6329 Mission Dr, West Bloomfield, MI 48324

3 beds • 4 baths • 3994 sqft

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This property looks like a bad Long-Term investment with a projected -1.63% first-year return on $91,812 initial cash invested.

-1.63%

Cash On Cash

6.23%

Cap Rate

1.03

DSCR

$3,947

Rent

-$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,947 income − $4,072 expenses = $125 out of pocket

Income$3,947Out of Pocket$125Mortgage P&I$2,19656%Property Taxes$66517%Insurance$1564%HOA$291%Management$39510%CapEx$1975%Vacancy$2376%Maintenance$1975%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,812

Downpayment

20%

$87,440

Closing costs

1%

$4,372

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,947

Total Expenses

$4,072

Mortgage P&I

56%

$2,196

Property Taxes

17%

$665

Home Insurance

4%

$156

HOA

1%

$29

Property Management

10%

$395

CapEx

5%

$197

Vacancy

6%

$237

Maintenance

5%

$197

Other

0%

$0

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