REI Lense

REI Lense

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$2,447 (target)

18956 Superior St, Southgate, MI 48195

3 beds • 3 baths • 2291 sqft

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This property looks like a bad Long-Term investment with a projected -5.13% first-year return on $61,950 initial cash invested.

-5.13%

Cash On Cash

5.54%

Cap Rate

0.91

DSCR

$2,447

Rent

-$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,447 income − $2,712 expenses = $265 out of pocket

Income$2,447Out of Pocket$265Mortgage P&I$1,50662%Property Taxes$46719%Insurance$1034%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,447

Total Expenses

$2,712

Mortgage P&I

62%

$1,506

Property Taxes

19%

$467

Home Insurance

4%

$103

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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