REI Lense

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$2,103 (target)

21056 Woodside Ave, Ferndale, MI 48220

3 beds • 2 baths • 2024 sqft

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This property might be a fair Long-Term investment with a projected 1.69% first-year return on $48,405 initial cash invested.

1.69%

Cash On Cash

7.45%

Cap Rate

1.14

DSCR

$2,103

Rent

$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,103 income − $2,035 expenses = $68 cash flow

Income$2,103Mortgage P&I$1,25860%Property Taxes$1547%Insurance$774%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%Cash Flow$68

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,405

Downpayment

20%

$46,100

Closing costs

1%

$2,305

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,103

Total Expenses

$2,035

Mortgage P&I

60%

$1,258

Property Taxes

7%

$154

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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