REI Lense

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$3,711 (target)

14040 Pernell Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 2750 sqft

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This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $98,262 initial cash invested.

-1.65%

Cash On Cash

6.1%

Cap Rate

1.01

DSCR

$3,711

Rent

-$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,711 income − $3,846 expenses = $135 out of pocket

Income$3,711Out of Pocket$135Mortgage P&I$1,92952%Property Taxes$52614%Insurance$1314%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,262

Downpayment

20%

$76,440

Closing costs

1%

$3,822

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,711

Total Expenses

$3,846

Mortgage P&I

52%

$1,929

Property Taxes

14%

$526

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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