REI Lense

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$1,993 (target)

10082 Cardwell St, Livonia, MI 48150

3 beds • 2 baths • 1947 sqft

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This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $52,269 initial cash invested.

-7.6%

Cash On Cash

5.36%

Cap Rate

0.83

DSCR

$1,993

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,993 income − $2,324 expenses = $331 out of pocket

Income$1,993Out of Pocket$331Mortgage P&I$1,34367%Property Taxes$37419%Insurance$884%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,269

Downpayment

20%

$49,780

Closing costs

1%

$2,489

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,993

Total Expenses

$2,324

Mortgage P&I

67%

$1,343

Property Taxes

19%

$374

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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