REI Lense

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$2,691 (target)

22312 Madison St, Dearborn, MI 48124

3 beds • 2 baths • 1820 sqft

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This property might be a fair Mid-Term investment with a projected 5.94% first-year return on $64,200 initial cash invested.

5.94%

Cash On Cash

8.27%

Cap Rate

1.39

DSCR

$2,691

Rent

$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,691 income − $2,373 expenses = $318 cash flow

Income$2,691Mortgage P&I$1,09141%Property Taxes$25910%Insurance$1074%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$318

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,691

Total Expenses

$2,373

Mortgage P&I

41%

$1,091

Property Taxes

10%

$259

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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