REI Lense

REI Lense

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$2,753 (target)

23141 Nona St, Dearborn, MI 48124

3 beds • 3 baths • 3723 sqft

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This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $101k initial cash invested.

-15.1%

Cash On Cash

3.16%

Cap Rate

0.53

DSCR

$2,753

Rent

-$1,274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,753 income − $4,027 expenses = $1,274 out of pocket

Income$2,753Out of Pocket$1,274Mortgage P&I$2,40587%Property Taxes$71426%Insurance$1927%Management$27510%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$482k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$96,440

Closing costs

1%

$4,822

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,753

Total Expenses

$4,027

Mortgage P&I

87%

$2,405

Property Taxes

26%

$714

Home Insurance

7%

$192

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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