REI Lense

REI Lense

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$2,246 (target)

16501 Hannan Rd, Romulus, MI 48174

3 beds • 2 baths • 2514 sqft

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This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $96,705 initial cash invested.

-16.12%

Cash On Cash

2.86%

Cap Rate

0.48

DSCR

$2,246

Rent

-$1,299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $3,545 expenses = $1,299 out of pocket

Income$2,246Out of Pocket$1,299Mortgage P&I$2,283102%Property Taxes$48622%Insurance$1929%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,705

Downpayment

20%

$92,100

Closing costs

1%

$4,605

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,246

Total Expenses

$3,545

Mortgage P&I

102%

$2,283

Property Taxes

22%

$486

Home Insurance

9%

$192

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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