REI Lense

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$2,100 (target)

1407 Nowlin St, Dearborn, MI 48124

3 beds • 3 baths • 1575 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $66,990 initial cash invested.

-9.74%

Cash On Cash

4.41%

Cap Rate

0.73

DSCR

$2,100

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,100 income − $2,644 expenses = $544 out of pocket

Income$2,100Out of Pocket$544Mortgage P&I$1,61277%Property Taxes$37418%Insurance$1125%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,100

Total Expenses

$2,644

Mortgage P&I

77%

$1,612

Property Taxes

18%

$374

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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