REI Lense

REI Lense

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$2,121 (target)

17268 Hanover Ave, Allen Park, MI 48101

2 beds • 1 baths • 707 sqft

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This property could be a profitable Mid-Term investment with a projected 29.45% first-year return on $31,215 initial cash invested.

29.45%

Cash On Cash

17.21%

Cap Rate

2.85

DSCR

$2,121

Rent

$766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$91,500

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,215

Downpayment

20%

$18,300

Closing costs

1%

$915

Rehab

0%

$0

Furnishing

13%

$12,000

Cashflow

Total Income

$2,121

Total Expenses

$1,355

Mortgage P&I

22%

$461

Property Taxes

7%

$140

Home Insurance

2%

$32

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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