REI Lense

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$1,833 (target)

1640 Nottingham Dr, Madison Heights, MI 48071

3 beds • 2 baths • 1141 sqft

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This property looks like a bad Long-Term investment with a projected -4.04% first-year return on $49,665 initial cash invested.

-4.04%

Cash On Cash

5.71%

Cap Rate

0.94

DSCR

$1,833

Rent

-$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,833 income − $2,000 expenses = $167 out of pocket

Income$1,833Out of Pocket$167Mortgage P&I$1,20166%Property Taxes$22212%Insurance$1005%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$237k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,665

Downpayment

20%

$47,300

Closing costs

1%

$2,365

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,833

Total Expenses

$2,000

Mortgage P&I

66%

$1,201

Property Taxes

12%

$222

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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