REI Lense

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$1,375 (target)

15637 Cox St, Clinton Township, MI 48038

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $58,296 initial cash invested.

-16.78%

Cash On Cash

2.74%

Cap Rate

0.46

DSCR

$1,375

Rent

-$815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,375 income − $2,190 expenses = $815 out of pocket

Income$1,375Out of Pocket$815Mortgage P&I$1,380100%Property Taxes$34725%Insurance$1058%Management$13810%CapEx$695%Vacancy$826%Maintenance$695%

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,296

Downpayment

20%

$55,520

Closing costs

1%

$2,776

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,375

Total Expenses

$2,190

Mortgage P&I

100%

$1,380

Property Taxes

25%

$347

Home Insurance

8%

$105

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$82

Maintenance

5%

$69

Other

0%

$0

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