REI Lense

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$2,018 (target)

6806 Saint Andrews Dr, Gaylord, MI 49735

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $69,111 initial cash invested.

-8.65%

Cash On Cash

4.57%

Cap Rate

0.76

DSCR

$2,018

Rent

-$498

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $2,516 expenses = $498 out of pocket

Income$2,018Out of Pocket$498Mortgage P&I$1,65182%Property Taxes$1819%Insurance$1196%HOA$402%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,111

Downpayment

20%

$65,820

Closing costs

1%

$3,291

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$2,516

Mortgage P&I

82%

$1,651

Property Taxes

9%

$181

Home Insurance

6%

$119

HOA

2%

$40

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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