REI Lense

REI Lense

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$3,540 (target)

21377 Concord St, Southfield, MI 48076

3 beds • 3 baths • 1858 sqft

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This property might be a fair Mid-Term investment with a projected 9.02% first-year return on $75,729 initial cash invested.

9.02%

Cash On Cash

9.02%

Cap Rate

1.52

DSCR

$3,540

Rent

$569

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,729

Downpayment

20%

$54,980

Closing costs

1%

$2,749

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,540

Total Expenses

$2,971

Mortgage P&I

38%

$1,355

Property Taxes

9%

$313

Home Insurance

3%

$96

HOA

0%

$3

Property Management

12%

$425

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$389

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