REI Lense

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$4,430 (target)

679 Neff Rd, Grosse Pointe, MI 48230

3 beds • 3 baths • 2060 sqft

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This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $98,913 initial cash invested.

-0.33%

Cash On Cash

6.73%

Cap Rate

1.07

DSCR

$4,430

Rent

-$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,430 income − $4,457 expenses = $27 out of pocket

Income$4,430Out of Pocket$27Mortgage P&I$2,01145%Property Taxes$80418%Insurance$1363%Management$53212%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48711%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,913

Downpayment

20%

$77,060

Closing costs

1%

$3,853

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,430

Total Expenses

$4,457

Mortgage P&I

45%

$2,011

Property Taxes

18%

$804

Home Insurance

3%

$136

HOA

0%

$0

Property Management

12%

$532

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$487

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