REI Lense

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$1,259 (target)

20495 Mendota St, Detroit, MI 48221

3 beds • 2 baths • 1401 sqft

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This property might be a fair Long-Term investment with a projected 0.23% first-year return on $26,250 initial cash invested.

0.23%

Cash On Cash

7.29%

Cap Rate

1.1

DSCR

$1,259

Rent

$5

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,259 income − $1,254 expenses = $5 cash flow

Income$1,259Mortgage P&I$69155%Property Taxes$19115%Insurance$443%Management$12610%CapEx$635%Vacancy$766%Maintenance$635%Cash Flow$5

Investment Breakdown

|

Purchase Price

$125k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,250

Downpayment

20%

$25,000

Closing costs

1%

$1,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,259

Total Expenses

$1,254

Mortgage P&I

55%

$691

Property Taxes

15%

$191

Home Insurance

3%

$44

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$76

Maintenance

5%

$63

Other

0%

$0

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