REI Lense

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$1,625 (target)

7370 Perry Lake Rd, Clarkston, MI 48348

3 beds • 3 baths • 1612 sqft

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This property looks like a bad Long-Term investment with a projected -17.83% first-year return on $76,272 initial cash invested.

-17.83%

Cash On Cash

2.54%

Cap Rate

0.42

DSCR

$1,625

Rent

-$1,133

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,625 income − $2,758 expenses = $1,133 out of pocket

Income$1,625Out of Pocket$1,133Mortgage P&I$1,821112%Property Taxes$38023%Insurance$1358%Management$16210%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,272

Downpayment

20%

$72,640

Closing costs

1%

$3,632

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,625

Total Expenses

$2,758

Mortgage P&I

112%

$1,821

Property Taxes

23%

$380

Home Insurance

8%

$135

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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