REI Lense

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$2,352 (target)

7221 S Military Rd, Grayling, MI 49738

3 beds • 2 baths • 1333 sqft

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This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $69,450 initial cash invested.

-1.47%

Cash On Cash

6.54%

Cap Rate

1.01

DSCR

$2,352

Rent

-$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,352 income − $2,437 expenses = $85 out of pocket

Income$2,352Out of Pocket$85Mortgage P&I$1,32756%Property Taxes$22410%Insurance$864%Management$28212%CapEx$944%Vacancy$713%Maintenance$944%Other$25911%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,352

Total Expenses

$2,437

Mortgage P&I

56%

$1,327

Property Taxes

10%

$224

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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