REI Lense

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$2,953 (target)

679 Neff Rd, Grosse Pointe, MI 48230

3 beds • 3 baths • 2060 sqft

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This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $80,913 initial cash invested.

-11.36%

Cash On Cash

4.34%

Cap Rate

0.69

DSCR

$2,953

Rent

-$766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,953 income − $3,719 expenses = $766 out of pocket

Income$2,953Out of Pocket$766Mortgage P&I$2,01168%Property Taxes$80427%Insurance$1365%Management$29510%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,913

Downpayment

20%

$77,060

Closing costs

1%

$3,853

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,953

Total Expenses

$3,719

Mortgage P&I

68%

$2,011

Property Taxes

27%

$804

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$295

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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