REI Lense

REI Lense

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$1,539 (target)

18672 Lennane, Redford, MI 48240

3 beds • 2 baths • 892 sqft

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This property might be a fair Long-Term investment with a projected 4.68% first-year return on $31,815 initial cash invested.

4.68%

Cash On Cash

8.08%

Cap Rate

1.25

DSCR

$1,539

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,539 income − $1,415 expenses = $124 cash flow

Income$1,539Mortgage P&I$81953%Property Taxes$1429%Insurance$544%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%Cash Flow$124

Investment Breakdown

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Purchase Price

$152k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,815

Downpayment

20%

$30,300

Closing costs

1%

$1,515

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,539

Total Expenses

$1,415

Mortgage P&I

53%

$819

Property Taxes

9%

$142

Home Insurance

4%

$54

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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