REI Lense

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$1,383 (target)

6838 Williams Trl, Grayling, MI 49738

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Long-Term investment with a projected -1.54% first-year return on $34,986 initial cash invested.

-1.54%

Cash On Cash

6.23%

Cap Rate

1.03

DSCR

$1,383

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,383 income − $1,428 expenses = $45 out of pocket

Income$1,383Out of Pocket$45Mortgage P&I$84161%Property Taxes$1249%Insurance$1048%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$167k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,986

Downpayment

20%

$33,320

Closing costs

1%

$1,666

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,383

Total Expenses

$1,428

Mortgage P&I

61%

$841

Property Taxes

9%

$124

Home Insurance

8%

$104

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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