REI Lense

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$3,789 (target)

17562 Fairway St, Livonia, MI 48152

3 beds • 3 baths • 2459 sqft

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This property might be a fair Mid-Term investment with a projected 0.04% first-year return on $102k initial cash invested.

0.04%

Cash On Cash

6.45%

Cap Rate

1.08

DSCR

$3,789

Rent

$3

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,789 income − $3,786 expenses = $3 cash flow

Income$3,789Mortgage P&I$1,99453%Property Taxes$36210%Insurance$1404%Management$45512%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41711%Cash Flow$3

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,789

Total Expenses

$3,786

Mortgage P&I

53%

$1,994

Property Taxes

10%

$362

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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