REI Lense

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$2,836 (target)

1616 Connie Ave, Madison Heights, MI 48071

3 beds • 2 baths • 2382 sqft

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This property might be a fair Mid-Term investment with a projected 0.19% first-year return on $74,406 initial cash invested.

0.19%

Cash On Cash

6.96%

Cap Rate

1.09

DSCR

$2,836

Rent

$12

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $2,824 expenses = $12 cash flow

Income$2,836Mortgage P&I$1,43351%Property Taxes$34112%Insurance$873%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%Cash Flow$12

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,406

Downpayment

20%

$53,720

Closing costs

1%

$2,686

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$2,824

Mortgage P&I

51%

$1,433

Property Taxes

12%

$341

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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