REI Lense

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$2,972 (target)

18951 Santa Rosa Dr, Detroit, MI 48221

3 beds • 3 baths • 2488 sqft

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This property might be a fair Mid-Term investment with a projected 6.71% first-year return on $66,027 initial cash invested.

6.71%

Cash On Cash

8.83%

Cap Rate

1.41

DSCR

$2,972

Rent

$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,972 income − $2,603 expenses = $369 cash flow

Income$2,972Mortgage P&I$1,19540%Property Taxes$31711%Insurance$803%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%Cash Flow$369

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,027

Downpayment

20%

$45,740

Closing costs

1%

$2,287

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,972

Total Expenses

$2,603

Mortgage P&I

40%

$1,195

Property Taxes

11%

$317

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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