REI Lense

REI Lense

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$1,761 (target)

17108 Arlington Ave, Allen Park, MI 48101

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $47,229 initial cash invested.

-10.06%

Cash On Cash

4.89%

Cap Rate

0.75

DSCR

$1,761

Rent

-$396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,761 income − $2,157 expenses = $396 out of pocket

Income$1,761Out of Pocket$396Mortgage P&I$1,22470%Property Taxes$39622%Insurance$794%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,761

Total Expenses

$2,157

Mortgage P&I

70%

$1,224

Property Taxes

22%

$396

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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