REI Lense

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$2,834 (target)

8322 Buckell Lake Rd, Holly, MI 48442

3 beds • 2 baths • 1842 sqft

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This property looks like a bad Long-Term investment with a projected -5.98% first-year return on $84,294 initial cash invested.

-5.98%

Cash On Cash

5.23%

Cap Rate

0.86

DSCR

$2,834

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,834 income − $3,254 expenses = $420 out of pocket

Income$2,834Out of Pocket$420Mortgage P&I$2,02671%Property Taxes$29911%Insurance$1927%Management$28310%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

|

Purchase Price

$401k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,294

Downpayment

20%

$80,280

Closing costs

1%

$4,014

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,834

Total Expenses

$3,254

Mortgage P&I

71%

$2,026

Property Taxes

11%

$299

Home Insurance

7%

$192

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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