REI Lense

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$2,286 (target)

23236 Albion Ave, Farmington Hills, MI 48336

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $67,518 initial cash invested.

-0.84%

Cash On Cash

6.84%

Cap Rate

1.03

DSCR

$2,286

Rent

-$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,286 income − $2,333 expenses = $47 out of pocket

Income$2,286Out of Pocket$47Mortgage P&I$1,30057%Property Taxes$1637%Insurance$944%Management$27412%CapEx$914%Vacancy$693%Maintenance$914%Other$25111%

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,518

Downpayment

20%

$47,160

Closing costs

1%

$2,358

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,286

Total Expenses

$2,333

Mortgage P&I

57%

$1,300

Property Taxes

7%

$163

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$69

Maintenance

4%

$91

Other

11%

$251

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