REI Lense

REI Lense

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$2,662 (target)

962 Lincoln Rd, Grosse Pointe, MI 48230

3 beds • 2 baths • 2533 sqft

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This property looks like a bad Long-Term investment with a projected -17.56% first-year return on $98,490 initial cash invested.

-17.56%

Cash On Cash

2.71%

Cap Rate

0.45

DSCR

$2,662

Rent

-$1,441

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,662 income − $4,103 expenses = $1,441 out of pocket

Income$2,662Out of Pocket$1,441Mortgage P&I$2,36789%Property Taxes$86432%Insurance$1807%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,490

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,662

Total Expenses

$4,103

Mortgage P&I

89%

$2,367

Property Taxes

32%

$864

Home Insurance

7%

$180

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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