REI Lense

REI Lense

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$2,670 (target)

675 Fisher Rd, Grosse Pointe, MI 48230

3 beds • 3 baths • 2306 sqft

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This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $102k initial cash invested.

-18.75%

Cash On Cash

2.38%

Cap Rate

0.4

DSCR

$2,670

Rent

-$1,598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,670 income − $4,268 expenses = $1,598 out of pocket

Income$2,670Out of Pocket$1,598Mortgage P&I$2,42891%Property Taxes$94735%Insurance$1987%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$487k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,380

Closing costs

1%

$4,869

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,670

Total Expenses

$4,268

Mortgage P&I

91%

$2,428

Property Taxes

35%

$947

Home Insurance

7%

$198

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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