REI Lense

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$3,294 (target)

816 E Grand River Ave, Howell, MI 48843

3 beds • 2 baths • 1565 sqft

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This property might be a fair Mid-Term investment with a projected 5.76% first-year return on $72,873 initial cash invested.

5.76%

Cash On Cash

8.85%

Cap Rate

1.33

DSCR

$3,294

Rent

$350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,294 income − $2,944 expenses = $350 cash flow

Income$3,294Mortgage P&I$1,44444%Property Taxes$2869%Insurance$943%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%Cash Flow$350

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,873

Downpayment

20%

$52,260

Closing costs

1%

$2,613

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,294

Total Expenses

$2,944

Mortgage P&I

44%

$1,444

Property Taxes

9%

$286

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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