REI Lense

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$1,971 (target)

640 N Adelaide St, Fenton, MI 48430

3 beds • 3 baths • 3408 sqft

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This property looks like a bad Long-Term investment with a projected -8.91% first-year return on $59,262 initial cash invested.

-8.91%

Cash On Cash

4.76%

Cap Rate

0.77

DSCR

$1,971

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,971 income − $2,411 expenses = $440 out of pocket

Income$1,971Out of Pocket$440Mortgage P&I$1,46074%Property Taxes$29115%Insurance$1477%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,262

Downpayment

20%

$56,440

Closing costs

1%

$2,822

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,971

Total Expenses

$2,411

Mortgage P&I

74%

$1,460

Property Taxes

15%

$291

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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