REI Lense

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$2,684 (target)

7685 Metz Dr, Shelby Township, MI 48316

3 beds • 2 baths • 993 sqft

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This property looks like a bad Mid-Term investment with a projected -2.03% first-year return on $79,719 initial cash invested.

-2.03%

Cash On Cash

6.12%

Cap Rate

0.98

DSCR

$2,684

Rent

-$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,684 income − $2,819 expenses = $135 out of pocket

Income$2,684Out of Pocket$135Mortgage P&I$1,52757%Property Taxes$27510%Insurance$1054%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,719

Downpayment

20%

$58,780

Closing costs

1%

$2,939

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,684

Total Expenses

$2,819

Mortgage P&I

57%

$1,527

Property Taxes

10%

$275

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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