REI Lense

REI Lense

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$1,678 (target)

10346 Lakepointe St, Detroit, MI 48224

3 beds • 3 baths • 2664 sqft

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This property might be a fair Long-Term investment with a projected 0.73% first-year return on $37,800 initial cash invested.

0.73%

Cash On Cash

7.24%

Cap Rate

1.11

DSCR

$1,678

Rent

$23

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,678 income − $1,655 expenses = $23 cash flow

Income$1,678Mortgage P&I$97958%Property Taxes$17610%Insurance$634%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%Cash Flow$23

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,678

Total Expenses

$1,655

Mortgage P&I

58%

$979

Property Taxes

10%

$176

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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