REI Lense

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$3,392 (target)

1121 N Vernon St, Dearborn, MI 48128

3 beds • 2 baths • 1336 sqft

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This property might be a fair Mid-Term investment with a projected 4.87% first-year return on $80,769 initial cash invested.

4.87%

Cash On Cash

7.94%

Cap Rate

1.31

DSCR

$3,392

Rent

$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,392 income − $3,064 expenses = $328 cash flow

Income$3,392Mortgage P&I$1,51445%Property Taxes$2919%Insurance$1053%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%Cash Flow$328

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,769

Downpayment

20%

$59,780

Closing costs

1%

$2,989

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,392

Total Expenses

$3,064

Mortgage P&I

45%

$1,514

Property Taxes

9%

$291

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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