REI Lense

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$3,204 (target)

820 Forest Dr, Portage, MI 49002

3 beds • 3 baths • 3270 sqft

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This property looks like a bad Mid-Term investment with a projected -21.38% first-year return on $217k initial cash invested.

-21.38%

Cash On Cash

1.25%

Cap Rate

0.21

DSCR

$3,204

Rent

-$3,874

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,204 income − $7,078 expenses = $3,874 out of pocket

Income$3,204Out of Pocket$3,874Mortgage P&I$4,733148%Property Taxes$92529%Insurance$33210%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%

Investment Breakdown

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Purchase Price

$950k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$217k

Downpayment

20%

$190k

Closing costs

1%

$9,499

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,204

Total Expenses

$7,078

Mortgage P&I

148%

$4,733

Property Taxes

29%

$925

Home Insurance

10%

$332

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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