REI Lense

REI Lense

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$1,875 (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 Long-Term investment with a projected -17.75% first-year return on $94,500 initial cash invested.

-17.75%

Cash On Cash

2.47%

Cap Rate

0.42

DSCR

$1,875

Rent

-$1,398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,875 income − $3,273 expenses = $1,398 out of pocket

Income$1,875Out of Pocket$1,398Mortgage P&I$2,230119%Property Taxes$39721%Insurance$1588%Management$18810%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,875

Total Expenses

$3,273

Mortgage P&I

119%

$2,230

Property Taxes

21%

$397

Home Insurance

8%

$158

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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