REI Lense

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$2,812 (target)

819 Notre Dame St, Grosse Pointe, MI 48230

3 beds • 3 baths • 1950 sqft

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This property looks like a bad Mid-Term investment with a projected -9.89% first-year return on $113k initial cash invested.

-9.89%

Cash On Cash

3.77%

Cap Rate

0.63

DSCR

$2,812

Rent

-$927

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,812 income − $3,739 expenses = $927 out of pocket

Income$2,812Out of Pocket$927Mortgage P&I$2,23079%Property Taxes$39714%Insurance$1586%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,812

Total Expenses

$3,739

Mortgage P&I

79%

$2,230

Property Taxes

14%

$397

Home Insurance

6%

$158

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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