REI Lense

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$2,196 (target)

816 E Grand River Ave, Howell, MI 48843

3 beds • 2 baths • 1565 sqft

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This property looks like a bad Long-Term investment with a projected -4.37% first-year return on $54,873 initial cash invested.

-4.37%

Cash On Cash

6.22%

Cap Rate

0.94

DSCR

$2,196

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,196 income − $2,396 expenses = $200 out of pocket

Income$2,196Out of Pocket$200Mortgage P&I$1,44466%Property Taxes$28613%Insurance$944%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$261k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,873

Downpayment

20%

$52,260

Closing costs

1%

$2,613

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,196

Total Expenses

$2,396

Mortgage P&I

66%

$1,444

Property Taxes

13%

$286

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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