REI Lense

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$3,470 (target)

895 Fairway Trails Dr, Brighton, MI 48116

3 beds • 2 baths • 1106 sqft

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This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $92,655 initial cash invested.

-0.48%

Cash On Cash

6.36%

Cap Rate

1.06

DSCR

$3,470

Rent

-$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,470 income − $3,507 expenses = $37 out of pocket

Income$3,470Out of Pocket$37Mortgage P&I$1,78151%Property Taxes$40812%Insurance$1384%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%

Investment Breakdown

|

Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,655

Downpayment

20%

$71,100

Closing costs

1%

$3,555

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,470

Total Expenses

$3,507

Mortgage P&I

51%

$1,781

Property Taxes

12%

$408

Home Insurance

4%

$138

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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