REI Lense

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$5,446 (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 Mid-Term investment with a projected -9.86% first-year return on $197k initial cash invested.

-9.86%

Cash On Cash

4.02%

Cap Rate

0.67

DSCR

$5,446

Rent

-$1,614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,446 income − $7,060 expenses = $1,614 out of pocket

Income$5,446Out of Pocket$1,614Mortgage P&I$4,24278%Property Taxes$65812%Insurance$2985%HOA$10Management$65412%CapEx$2184%Vacancy$1633%Maintenance$2184%Other$59911%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,446

Total Expenses

$7,060

Mortgage P&I

78%

$4,242

Property Taxes

12%

$658

Home Insurance

5%

$298

HOA

0%

$10

Property Management

12%

$654

CapEx

4%

$218

Vacancy

3%

$163

Maintenance

4%

$218

Other

11%

$599

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