REI Lense

REI Lense

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$2,538 (target)

14545 Richfield St, Livonia, MI 48154

3 beds • 2 baths • 2081 sqft

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This property looks like a bad Long-Term investment with a projected -4.87% first-year return on $68,943 initial cash invested.

-4.87%

Cash On Cash

5.65%

Cap Rate

0.91

DSCR

$2,538

Rent

-$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,538 income − $2,818 expenses = $280 out of pocket

Income$2,538Out of Pocket$280Mortgage P&I$1,69967%Property Taxes$34013%Insurance$1195%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,943

Downpayment

20%

$65,660

Closing costs

1%

$3,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,538

Total Expenses

$2,818

Mortgage P&I

67%

$1,699

Property Taxes

13%

$340

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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