REI Lense

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$2,177 (target)

21726 8 1/2 Mile Rd, Southfield, MI 48075

3 beds • 2 baths • 1690 sqft

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This property might be a fair Long-Term investment with a projected 1.31% first-year return on $48,657 initial cash invested.

1.31%

Cash On Cash

7.34%

Cap Rate

1.13

DSCR

$2,177

Rent

$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,177 income − $2,124 expenses = $53 cash flow

Income$2,177Mortgage P&I$1,25658%Property Taxes$22210%Insurance$794%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%Cash Flow$53

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,657

Downpayment

20%

$46,340

Closing costs

1%

$2,317

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,177

Total Expenses

$2,124

Mortgage P&I

58%

$1,256

Property Taxes

10%

$222

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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