REI Lense

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$2,270 (target)

17145 Fairfield St, Detroit, MI 48221

3 beds • 2 baths • 2250 sqft

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This property looks like a bad Mid-Term investment with a projected -13.15% first-year return on $92,004 initial cash invested.

-13.15%

Cash On Cash

3.11%

Cap Rate

0.5

DSCR

$2,270

Rent

-$1,008

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $3,278 expenses = $1,008 out of pocket

Income$2,270Out of Pocket$1,008Mortgage P&I$1,83081%Property Taxes$57425%Insurance$1024%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,004

Downpayment

20%

$70,480

Closing costs

1%

$3,524

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,270

Total Expenses

$3,278

Mortgage P&I

81%

$1,830

Property Taxes

25%

$574

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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