REI Lense

REI Lense

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$2,526 (target)

17562 Fairway St, Livonia, MI 48152

3 beds • 3 baths • 2459 sqft

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This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $84,000 initial cash invested.

-8.96%

Cash On Cash

4.48%

Cap Rate

0.75

DSCR

$2,526

Rent

-$627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $3,153 expenses = $627 out of pocket

Income$2,526Out of Pocket$627Mortgage P&I$1,99479%Property Taxes$36214%Insurance$1406%Management$25310%CapEx$1265%Vacancy$1526%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,000

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,526

Total Expenses

$3,153

Mortgage P&I

79%

$1,994

Property Taxes

14%

$362

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

Other

0%

$0

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