REI Lense

REI Lense

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$3,618 (target)

877 Fisher Rd, Grosse Pointe, MI 48230

3 beds • 2 baths • 1705 sqft

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This property looks like a bad Mid-Term investment with a projected -8.26% first-year return on $94,461 initial cash invested.

-8.26%

Cash On Cash

5.04%

Cap Rate

0.75

DSCR

$3,618

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,618 income − $4,268 expenses = $650 out of pocket

Income$3,618Out of Pocket$650Mortgage P&I$2,03556%Property Taxes$87324%Insurance$1294%Management$43412%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39811%

Investment Breakdown

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Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,461

Downpayment

20%

$72,820

Closing costs

1%

$3,641

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,618

Total Expenses

$4,268

Mortgage P&I

56%

$2,035

Property Taxes

24%

$873

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$398

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