REI Lense

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$3,040 (target)

915 Main St, Fenton, MI 48430

3 beds • 3 baths • 1757 sqft

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This property looks like a bad Long-Term investment with a projected -4.68% first-year return on $79,569 initial cash invested.

-4.68%

Cash On Cash

5.65%

Cap Rate

0.92

DSCR

$3,040

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,040 income − $3,350 expenses = $310 out of pocket

Income$3,040Out of Pocket$310Mortgage P&I$1,94164%Property Taxes$48416%Insurance$1354%Management$30410%CapEx$1525%Vacancy$1826%Maintenance$1525%

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,569

Downpayment

20%

$75,780

Closing costs

1%

$3,789

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,040

Total Expenses

$3,350

Mortgage P&I

64%

$1,941

Property Taxes

16%

$484

Home Insurance

4%

$135

HOA

0%

$0

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$182

Maintenance

5%

$152

Other

0%

$0

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