REI Lense

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$2,546 (target)

17318 Centralia, Redford, MI 48240

3 beds • 2 baths • 1910 sqft

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This property might be a fair Mid-Term investment with a projected 8.01% first-year return on $52,881 initial cash invested.

8.01%

Cash On Cash

9.81%

Cap Rate

1.5

DSCR

$2,546

Rent

$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,546 income − $2,193 expenses = $353 cash flow

Income$2,546Mortgage P&I$90335%Property Taxes$36314%Insurance$612%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$353

Investment Breakdown

|

Purchase Price

$166k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,881

Downpayment

20%

$33,220

Closing costs

1%

$1,661

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,546

Total Expenses

$2,193

Mortgage P&I

35%

$903

Property Taxes

14%

$363

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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