REI Lense

REI Lense

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$2,301 (target)

2534 Edgemere Ave, Commerce Township, MI 48382

3 beds • 2 baths • 1161 sqft

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This property looks like a bad Long-Term investment with a projected -0.42% first-year return on $57,120 initial cash invested.

-0.42%

Cash On Cash

6.69%

Cap Rate

1.07

DSCR

$2,301

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,120

Downpayment

20%

$54,400

Closing costs

1%

$2,720

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,301

Total Expenses

$2,321

Mortgage P&I

62%

$1,422

Property Taxes

9%

$213

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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