REI Lense

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$2,746 (target)

2268 Serra Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 3000 sqft

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This property might be a fair Long-Term investment with a projected 2.29% first-year return on $62,895 initial cash invested.

2.29%

Cash On Cash

6.96%

Cap Rate

1.17

DSCR

$2,746

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,746 income − $2,626 expenses = $120 cash flow

Income$2,746Mortgage P&I$1,48154%Property Taxes$32612%Insurance$1054%Management$27510%CapEx$1375%Vacancy$1656%Maintenance$1375%Cash Flow$120

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,895

Downpayment

20%

$59,900

Closing costs

1%

$2,995

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,746

Total Expenses

$2,626

Mortgage P&I

54%

$1,481

Property Taxes

12%

$326

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$137

Vacancy

6%

$165

Maintenance

5%

$137

Other

0%

$0

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