REI Lense

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$3,150 (target)

1407 Nowlin St, Dearborn, MI 48124

3 beds • 3 baths • 1575 sqft

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This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $84,990 initial cash invested.

-0.25%

Cash On Cash

6.47%

Cap Rate

1.07

DSCR

$3,150

Rent

-$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,150 income − $3,168 expenses = $18 out of pocket

Income$3,150Out of Pocket$18Mortgage P&I$1,61251%Property Taxes$37412%Insurance$1124%Management$37812%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,150

Total Expenses

$3,168

Mortgage P&I

51%

$1,612

Property Taxes

12%

$374

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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