REI Lense

REI Lense

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$2,412 (target)

877 Fisher Rd, Grosse Pointe, MI 48230

3 beds • 2 baths • 1705 sqft

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This property looks like a bad Long-Term investment with a projected -19.66% first-year return on $76,461 initial cash invested.

-19.66%

Cash On Cash

2.98%

Cap Rate

0.44

DSCR

$2,412

Rent

-$1,253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,412 income − $3,665 expenses = $1,253 out of pocket

Income$2,412Out of Pocket$1,253Mortgage P&I$2,03584%Property Taxes$87336%Insurance$1295%Management$24110%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,461

Downpayment

20%

$72,820

Closing costs

1%

$3,641

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,412

Total Expenses

$3,665

Mortgage P&I

84%

$2,035

Property Taxes

36%

$873

Home Insurance

5%

$129

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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