REI Lense

REI Lense

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$1,790 (target)

8433 Newells Ln, Portage, MI 49002

3 beds • 2 baths • 1821 sqft

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This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $47,250 initial cash invested.

-10.11%

Cash On Cash

4.99%

Cap Rate

0.75

DSCR

$1,790

Rent

-$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,790 income − $2,188 expenses = $398 out of pocket

Income$1,790Out of Pocket$398Mortgage P&I$1,24369%Property Taxes$40022%Insurance$794%Management$17910%CapEx$905%Vacancy$1076%Maintenance$905%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,790

Total Expenses

$2,188

Mortgage P&I

69%

$1,243

Property Taxes

22%

$400

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$107

Maintenance

5%

$90

Other

0%

$0

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