REI Lense

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$2,211 (target)

7417 Mackinaw Rd, Bay City, MI 48706

3 beds • 2 baths • 1272 sqft

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This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $69,240 initial cash invested.

-1.94%

Cash On Cash

6.31%

Cap Rate

0.98

DSCR

$2,211

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $2,323 expenses = $112 out of pocket

Income$2,211Out of Pocket$112Mortgage P&I$1,30759%Property Taxes$1788%Insurance$884%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,240

Downpayment

20%

$48,800

Closing costs

1%

$2,440

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,211

Total Expenses

$2,323

Mortgage P&I

59%

$1,307

Property Taxes

8%

$178

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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