REI Lense

REI Lense

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$2,261 (target)

1121 N Vernon St, Dearborn, MI 48128

3 beds • 2 baths • 1336 sqft

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This property looks like a bad Long-Term investment with a projected -4.53% first-year return on $62,769 initial cash invested.

-4.53%

Cash On Cash

5.58%

Cap Rate

0.92

DSCR

$2,261

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,261 income − $2,498 expenses = $237 out of pocket

Income$2,261Out of Pocket$237Mortgage P&I$1,51467%Property Taxes$29113%Insurance$1055%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,769

Downpayment

20%

$59,780

Closing costs

1%

$2,989

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,261

Total Expenses

$2,498

Mortgage P&I

67%

$1,514

Property Taxes

13%

$291

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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