REI Lense

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$3,631 (target)

756 Great Oaks Dr, Bloomfield Hills, MI 48304

3 beds • 3 baths • 3511 sqft

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This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $179k initial cash invested.

-16.95%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$3,631

Rent

-$2,522

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,631 income − $6,153 expenses = $2,522 out of pocket

Income$3,631Out of Pocket$2,522Mortgage P&I$4,242117%Property Taxes$65818%Insurance$2988%HOA$10Management$36310%CapEx$1825%Vacancy$2186%Maintenance$1825%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$179k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,631

Total Expenses

$6,153

Mortgage P&I

117%

$4,242

Property Taxes

18%

$658

Home Insurance

8%

$298

HOA

0%

$10

Property Management

10%

$363

CapEx

5%

$182

Vacancy

6%

$218

Maintenance

5%

$182

Other

0%

$0

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