REI Lense

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$1,934 (target)

12830 Shery Ln, Southgate, MI 48195

3 beds • 2 baths • 2551 sqft

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This property looks like a bad Long-Term investment with a projected -3.99% first-year return on $45,129 initial cash invested.

-3.99%

Cash On Cash

6.15%

Cap Rate

0.95

DSCR

$1,934

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,934 income − $2,084 expenses = $150 out of pocket

Income$1,934Out of Pocket$150Mortgage P&I$1,15560%Property Taxes$35118%Insurance$754%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,934

Total Expenses

$2,084

Mortgage P&I

60%

$1,155

Property Taxes

18%

$351

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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