REI Lense

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$3,381 (target)

985 Fairledge St, Lake Orion, MI 48362

3 beds • 2 baths • 2102 sqft

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This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $91,479 initial cash invested.

-0.14%

Cash On Cash

6.41%

Cap Rate

1.07

DSCR

$3,381

Rent

-$11

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,381 income − $3,392 expenses = $11 out of pocket

Income$3,381Out of Pocket$11Mortgage P&I$1,74652%Property Taxes$37511%Insurance$1224%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,381

Total Expenses

$3,392

Mortgage P&I

52%

$1,746

Property Taxes

11%

$375

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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