REI Lense

REI Lense

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$2,018 (target)

13252 Chestnut St, Southgate, MI 48195

3 beds • 2 baths • 2016 sqft

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This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $51,912 initial cash invested.

-11.07%

Cash On Cash

4.64%

Cap Rate

0.72

DSCR

$2,018

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $2,497 expenses = $479 out of pocket

Income$2,018Out of Pocket$479Mortgage P&I$1,33466%Property Taxes$55027%Insurance$884%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,912

Downpayment

20%

$49,440

Closing costs

1%

$2,472

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$2,497

Mortgage P&I

66%

$1,334

Property Taxes

27%

$550

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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