REI Lense

REI Lense

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$2,360 (target)

21377 Concord St, Southfield, MI 48076

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Long-Term investment with a projected -0.44% first-year return on $57,729 initial cash invested.

-0.44%

Cash On Cash

6.34%

Cap Rate

1.07

DSCR

$2,360

Rent

-$21

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

$57,729

Downpayment

20%

$54,980

Closing costs

1%

$2,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,360

Total Expenses

$2,381

Mortgage P&I

57%

$1,355

Property Taxes

13%

$313

Home Insurance

4%

$96

HOA

0%

$3

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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