REI Lense

REI Lense

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$2,751 (target)

9045 N Pointe Woods Dr, Charlevoix, MI 49720

3 beds • 3 baths • 2508 sqft

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This property looks like a bad Long-Term investment with a projected -16.67% first-year return on $147k initial cash invested.

-16.67%

Cash On Cash

2.72%

Cap Rate

0.45

DSCR

$2,751

Rent

-$2,042

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$700k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$6,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,751

Total Expenses

$4,793

Mortgage P&I

127%

$3,490

Property Taxes

12%

$342

Home Insurance

9%

$245

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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