REI Lense

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$2,063 (target)

1821 Ardmore Dr, Ferndale, MI 48220

3 beds • 2 baths • 1644 sqft

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This property looks like a bad Long-Term investment with a projected -1.56% first-year return on $54,579 initial cash invested.

-1.56%

Cash On Cash

6.36%

Cap Rate

1.02

DSCR

$2,063

Rent

-$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,063 income − $2,134 expenses = $71 out of pocket

Income$2,063Out of Pocket$71Mortgage P&I$1,34565%Property Taxes$1628%Insurance$914%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,063

Total Expenses

$2,134

Mortgage P&I

65%

$1,345

Property Taxes

8%

$162

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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