REI Lense

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$1,273 (target)

20123 Lauder St, Detroit, MI 48235

3 beds • 2 baths • 2280 sqft

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This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $38,934 initial cash invested.

-10.94%

Cash On Cash

4.52%

Cap Rate

0.71

DSCR

$1,273

Rent

-$355

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,273 income − $1,628 expenses = $355 out of pocket

Income$1,273Out of Pocket$355Mortgage P&I$98978%Property Taxes$24119%Insurance$655%HOA$2Management$12710%CapEx$645%Vacancy$766%Maintenance$645%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,934

Downpayment

20%

$37,080

Closing costs

1%

$1,854

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,273

Total Expenses

$1,628

Mortgage P&I

78%

$989

Property Taxes

19%

$241

Home Insurance

5%

$65

HOA

0%

$2

Property Management

10%

$127

CapEx

5%

$64

Vacancy

6%

$76

Maintenance

5%

$64

Other

0%

$0

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