REI Lense

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$2,456 (target)

8180 Whitmore Lake Rd, Brighton, MI 48116

3 beds • 3 baths • 2166 sqft

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This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $79,947 initial cash invested.

-7.6%

Cash On Cash

5.06%

Cap Rate

0.81

DSCR

$2,456

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,456 income − $2,962 expenses = $506 out of pocket

Income$2,456Out of Pocket$506Mortgage P&I$1,98781%Property Taxes$2149%Insurance$1225%Management$24610%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,947

Downpayment

20%

$76,140

Closing costs

1%

$3,807

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,456

Total Expenses

$2,962

Mortgage P&I

81%

$1,987

Property Taxes

9%

$214

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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