REI Lense

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$1,946 (target)

23161 Valley View Dr, Southfield, MI 48033

3 beds • 2 baths • 2173 sqft

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This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $59,829 initial cash invested.

-9.61%

Cash On Cash

4.92%

Cap Rate

0.75

DSCR

$1,946

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,946 income − $2,425 expenses = $479 out of pocket

Income$1,946Out of Pocket$479Mortgage P&I$1,54980%Property Taxes$28815%Insurance$824%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,946

Total Expenses

$2,425

Mortgage P&I

80%

$1,549

Property Taxes

15%

$288

Home Insurance

4%

$82

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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