REI Lense

REI Lense

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$5,250 (target)

6910 Montgomery Dr, Shelby Township, MI 48316

3 beds • 2 baths • 2710 sqft

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This property might be a fair Mid-Term investment with a projected 6.85% first-year return on $115k initial cash invested.

6.85%

Cash On Cash

8.19%

Cap Rate

1.38

DSCR

$5,250

Rent

$658

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

$115k

Downpayment

20%

$92,620

Closing costs

1%

$4,631

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,250

Total Expenses

$4,592

Mortgage P&I

44%

$2,293

Property Taxes

7%

$349

Home Insurance

3%

$164

HOA

0%

$0

Property Management

12%

$630

CapEx

4%

$210

Vacancy

3%

$158

Maintenance

4%

$210

Other

11%

$578

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