REI Lense

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$3,993 (target)

962 Lincoln Rd, Grosse Pointe, MI 48230

3 beds • 2 baths • 2533 sqft

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This property looks like a bad Mid-Term investment with a projected -7.99% first-year return on $116k initial cash invested.

-7.99%

Cash On Cash

4.48%

Cap Rate

0.74

DSCR

$3,993

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,993 income − $4,769 expenses = $776 out of pocket

Income$3,993Out of Pocket$776Mortgage P&I$2,36759%Property Taxes$86422%Insurance$1805%Management$47912%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$43911%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,993

Total Expenses

$4,769

Mortgage P&I

59%

$2,367

Property Taxes

22%

$864

Home Insurance

5%

$180

HOA

0%

$0

Property Management

12%

$479

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$439

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