REI Lense

REI Lense

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$1,414 (target)

17268 Hanover Ave, Allen Park, MI 48101

2 beds • 1 baths • 707 sqft

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This property could be a profitable Long-Term investment with a projected 25.79% first-year return on $19,215 initial cash invested.

25.79%

Cash On Cash

12.39%

Cap Rate

2.05

DSCR

$1,414

Rent

$413

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

$19,215

Downpayment

20%

$18,300

Closing costs

1%

$915

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,414

Total Expenses

$1,001

Mortgage P&I

33%

$461

Property Taxes

10%

$140

Home Insurance

2%

$32

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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