REI Lense

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$4,002 (target)

14949 Crofton Dr, Shelby Township, MI 48315

3 beds • 3 baths • 3135 sqft

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This property might be a fair Mid-Term investment with a projected 2.55% first-year return on $105k initial cash invested.

2.55%

Cash On Cash

7.2%

Cap Rate

1.18

DSCR

$4,002

Rent

$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,002 income − $3,779 expenses = $223 cash flow

Income$4,002Mortgage P&I$2,09752%Property Taxes$1474%Insurance$1584%HOA$17Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%Cash Flow$223

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,640

Closing costs

1%

$4,132

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,002

Total Expenses

$3,779

Mortgage P&I

52%

$2,097

Property Taxes

4%

$147

Home Insurance

4%

$158

HOA

0%

$17

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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