REI Lense

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$2,901 (target)

12830 Shery Ln, Southgate, MI 48195

3 beds • 2 baths • 2551 sqft

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This property might be a fair Mid-Term investment with a projected 6.35% first-year return on $63,129 initial cash invested.

6.35%

Cash On Cash

8.96%

Cap Rate

1.39

DSCR

$2,901

Rent

$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,901 income − $2,567 expenses = $334 cash flow

Income$2,901Mortgage P&I$1,15540%Property Taxes$35112%Insurance$753%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$334

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,901

Total Expenses

$2,567

Mortgage P&I

40%

$1,155

Property Taxes

12%

$351

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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