REI Lense

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$1,800 (target)

2106 Reo Ave, Lincoln Park, MI 48146

3 beds • 2 baths • 1824 sqft

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This property might be a fair Mid-Term investment with a projected 4.99% first-year return on $49,500 initial cash invested.

4.99%

Cash On Cash

8.82%

Cap Rate

1.34

DSCR

$1,800

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,800 income − $1,594 expenses = $206 cash flow

Income$1,800Mortgage P&I$82446%Property Taxes$1066%Insurance$523%Management$21612%CapEx$724%Vacancy$543%Maintenance$724%Other$19811%Cash Flow$206

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,500

Downpayment

20%

$30,000

Closing costs

1%

$1,500

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,800

Total Expenses

$1,594

Mortgage P&I

46%

$824

Property Taxes

6%

$106

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$216

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$198

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