REI Lense

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$2,192 (target)

20261 Burt Rd, Detroit, MI 48219

3 beds • 2 baths • 1060 sqft

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This property might be a fair Mid-Term investment with a projected 8.18% first-year return on $45,174 initial cash invested.

8.18%

Cash On Cash

10.07%

Cap Rate

1.57

DSCR

$2,192

Rent

$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $1,884 expenses = $308 cash flow

Income$2,192Mortgage P&I$69031%Property Taxes$39218%Insurance$563%Management$26312%CapEx$884%Vacancy$663%Maintenance$884%Other$24111%Cash Flow$308

Investment Breakdown

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Purchase Price

$129k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,174

Downpayment

20%

$25,880

Closing costs

1%

$1,294

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$2,192

Total Expenses

$1,884

Mortgage P&I

31%

$690

Property Taxes

18%

$392

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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