REI Lense

REI Lense

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$1,029 (target)

21500 Redmond Ave, Eastpointe, MI 48021

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $30,135 initial cash invested.

-12.82%

Cash On Cash

4.14%

Cap Rate

0.65

DSCR

$1,029

Rent

-$322

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,029 income − $1,351 expenses = $322 out of pocket

Income$1,029Out of Pocket$322Mortgage P&I$76674%Property Taxes$25725%Insurance$616%Management$10310%CapEx$515%Vacancy$626%Maintenance$515%

Investment Breakdown

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Purchase Price

$144k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,135

Downpayment

20%

$28,700

Closing costs

1%

$1,435

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,029

Total Expenses

$1,351

Mortgage P&I

74%

$766

Property Taxes

25%

$257

Home Insurance

6%

$61

HOA

0%

$0

Property Management

10%

$103

CapEx

5%

$51

Vacancy

6%

$62

Maintenance

5%

$51

Other

0%

$0

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