REI Lense

REI Lense

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$2,131 (target)

8468 E Lippincott Blvd, Davison, MI 48423

3 beds • 2 baths • 2510 sqft

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This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $58,422 initial cash invested.

-5.18%

Cash On Cash

5.43%

Cap Rate

0.9

DSCR

$2,131

Rent

-$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,131 income − $2,383 expenses = $252 out of pocket

Income$2,131Out of Pocket$252Mortgage P&I$1,40466%Property Taxes$32615%Insurance$985%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,131

Total Expenses

$2,383

Mortgage P&I

66%

$1,404

Property Taxes

15%

$326

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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