REI Lense

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$3,196 (target)

6704 Fescue St, Portage, MI 49024

3 beds • 2 baths • 1475 sqft

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This property might be a fair Mid-Term investment with a projected 9.31% first-year return on $68,442 initial cash invested.

9.31%

Cash On Cash

9.63%

Cap Rate

1.52

DSCR

$3,196

Rent

$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,196 income − $2,665 expenses = $531 cash flow

Income$3,196Mortgage P&I$1,26840%Property Taxes$2277%Insurance$823%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$531

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,442

Downpayment

20%

$48,040

Closing costs

1%

$2,402

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,196

Total Expenses

$2,665

Mortgage P&I

40%

$1,268

Property Taxes

7%

$227

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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