REI Lense

REI Lense

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$3,500 (target)

6910 Montgomery Dr, Shelby Township, MI 48316

3 beds • 2 baths • 2710 sqft

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This property looks like a bad Long-Term investment with a projected -2.67% first-year return on $97,251 initial cash invested.

-2.67%

Cash On Cash

5.84%

Cap Rate

0.98

DSCR

$3,500

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$463k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,251

Downpayment

20%

$92,620

Closing costs

1%

$4,631

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,500

Total Expenses

$3,716

Mortgage P&I

66%

$2,293

Property Taxes

10%

$349

Home Insurance

5%

$164

HOA

0%

$0

Property Management

10%

$350

CapEx

5%

$175

Vacancy

6%

$210

Maintenance

5%

$175

Other

0%

$0

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