REI Lense

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$2,026 (target)

18849 Delaware Ave, Redford, MI 48240

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -4.72% first-year return on $44,982 initial cash invested.

-4.72%

Cash On Cash

6.2%

Cap Rate

0.94

DSCR

$2,026

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,026 income − $2,203 expenses = $177 out of pocket

Income$2,026Out of Pocket$177Mortgage P&I$1,18258%Property Taxes$42421%Insurance$703%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,982

Downpayment

20%

$42,840

Closing costs

1%

$2,142

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,026

Total Expenses

$2,203

Mortgage P&I

58%

$1,182

Property Taxes

21%

$424

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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