REI Lense

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$3,130 (target)

7208 Banks St, Waterford, MI 48327

3 beds • 2 baths • 1818 sqft

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This property might be a fair Mid-Term investment with a projected 2.48% first-year return on $80,244 initial cash invested.

2.48%

Cash On Cash

7.16%

Cap Rate

1.2

DSCR

$3,130

Rent

$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,130 income − $2,964 expenses = $166 cash flow

Income$3,130Mortgage P&I$1,47847%Property Taxes$31710%Insurance$1053%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34411%Cash Flow$166

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,244

Downpayment

20%

$59,280

Closing costs

1%

$2,964

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,130

Total Expenses

$2,964

Mortgage P&I

47%

$1,478

Property Taxes

10%

$317

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$344

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