REI Lense

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$1,325 (target)

12778 Meyers Rd, Detroit, MI 48227

3 beds • 2 baths • 1801 sqft

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This property might be a fair Long-Term investment with a projected 8.83% first-year return on $23,100 initial cash invested.

8.83%

Cash On Cash

9.17%

Cap Rate

1.39

DSCR

$1,325

Rent

$170

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,325 income − $1,155 expenses = $170 cash flow

Income$1,325Mortgage P&I$60546%Property Taxes$16813%Insurance$383%Management$13210%CapEx$665%Vacancy$806%Maintenance$665%Cash Flow$170

Investment Breakdown

|

Purchase Price

$110k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$23,100

Downpayment

20%

$22,000

Closing costs

1%

$1,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,325

Total Expenses

$1,155

Mortgage P&I

46%

$605

Property Taxes

13%

$168

Home Insurance

3%

$38

HOA

0%

$0

Property Management

10%

$132

CapEx

5%

$66

Vacancy

6%

$80

Maintenance

5%

$66

Other

0%

$0

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