REI Lense

REI Lense

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$2,447 (target)

23145 Murray St, Dearborn, MI 48128

3 beds • 3 baths • 2450 sqft

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This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $98,679 initial cash invested.

-16.43%

Cash On Cash

3.51%

Cap Rate

0.53

DSCR

$2,447

Rent

-$1,351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,447 income − $3,798 expenses = $1,351 out of pocket

Income$2,447Out of Pocket$1,351Mortgage P&I$2,604106%Property Taxes$39416%Insurance$1647%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,679

Downpayment

20%

$93,980

Closing costs

1%

$4,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,447

Total Expenses

$3,798

Mortgage P&I

106%

$2,604

Property Taxes

16%

$394

Home Insurance

7%

$164

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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