REI Lense

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$1,990 (target)

7220 Leelanau Trl, Gaylord, MI 49735

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $99,792 initial cash invested.

-15.14%

Cash On Cash

3.14%

Cap Rate

0.52

DSCR

$1,990

Rent

-$1,259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,990 income − $3,249 expenses = $1,259 out of pocket

Income$1,990Out of Pocket$1,259Mortgage P&I$2,401121%Property Taxes$1568%Insurance$1749%Management$19910%CapEx$1005%Vacancy$1196%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,792

Downpayment

20%

$95,040

Closing costs

1%

$4,752

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,990

Total Expenses

$3,249

Mortgage P&I

121%

$2,401

Property Taxes

8%

$156

Home Insurance

9%

$174

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$119

Maintenance

5%

$100

Other

0%

$0

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