REI Lense

REI Lense

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$3,508 (target)

21814 Parker St, Farmington Hills, MI 48336

3 beds • 2 baths • 2228 sqft

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This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $93,390 initial cash invested.

-1.99%

Cash On Cash

6.01%

Cap Rate

0.99

DSCR

$3,508

Rent

-$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,508 income − $3,663 expenses = $155 out of pocket

Income$3,508Out of Pocket$155Mortgage P&I$1,81452%Property Taxes$52915%Insurance$1284%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,508

Total Expenses

$3,663

Mortgage P&I

52%

$1,814

Property Taxes

15%

$529

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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