REI Lense

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$1,502 (target)

15461 Vaughan St, Detroit, MI 48223

3 beds • 3 baths • 1700 sqft

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This property could be a profitable Long-Term investment with a projected 14.14% first-year return on $20,958 initial cash invested.

14.14%

Cash On Cash

9.97%

Cap Rate

1.64

DSCR

$1,502

Rent

$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,502 income − $1,255 expenses = $247 cash flow

Income$1,502Mortgage P&I$50734%Property Taxes$32322%Insurance$352%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$247

Investment Breakdown

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Purchase Price

$99,800

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,958

Downpayment

20%

$19,960

Closing costs

1%

$998

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,502

Total Expenses

$1,255

Mortgage P&I

34%

$507

Property Taxes

22%

$323

Home Insurance

2%

$35

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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