REI Lense

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$2,631 (target)

9632 Woodlawn Dr, Portage, MI 49002

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $80,892 initial cash invested.

-13.29%

Cash On Cash

4.27%

Cap Rate

0.64

DSCR

$2,631

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $3,527 expenses = $896 out of pocket

Income$2,631Out of Pocket$896Mortgage P&I$2,13481%Property Taxes$57022%Insurance$1385%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,892

Downpayment

20%

$77,040

Closing costs

1%

$3,852

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,631

Total Expenses

$3,527

Mortgage P&I

81%

$2,134

Property Taxes

22%

$570

Home Insurance

5%

$138

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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