REI Lense

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$2,540 (target)

23809 Normandy Ave, Eastpointe, MI 48021

3 beds • 2 baths • 1920 sqft

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This property might be a fair Mid-Term investment with a projected 8.54% first-year return on $56,325 initial cash invested.

8.54%

Cash On Cash

9.61%

Cap Rate

1.53

DSCR

$2,540

Rent

$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,540 income − $2,139 expenses = $401 cash flow

Income$2,540Mortgage P&I$95838%Property Taxes$25310%Insurance$643%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$27911%Cash Flow$401

Investment Breakdown

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Purchase Price

$183k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,325

Downpayment

20%

$36,500

Closing costs

1%

$1,825

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,540

Total Expenses

$2,139

Mortgage P&I

38%

$958

Property Taxes

10%

$253

Home Insurance

3%

$64

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$279

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