REI Lense

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$2,228 (target)

2147 Parliament Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1050 sqft

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This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $73,356 initial cash invested.

-5.2%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$2,228

Rent

-$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,228 income − $2,546 expenses = $318 out of pocket

Income$2,228Out of Pocket$318Mortgage P&I$1,31459%Property Taxes$38417%Insurance$914%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,228

Total Expenses

$2,546

Mortgage P&I

59%

$1,314

Property Taxes

17%

$384

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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