REI Lense

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$3,590 (target)

25631 Springbrook Dr, Farmington Hills, MI 48336

3 beds • 3 baths • 1835 sqft

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This property looks like a bad Mid-Term investment with a projected -4.3% first-year return on $101k initial cash invested.

-4.3%

Cash On Cash

5.57%

Cap Rate

0.89

DSCR

$3,590

Rent

-$360

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $3,950 expenses = $360 out of pocket

Income$3,590Out of Pocket$360Mortgage P&I$2,04157%Property Taxes$54715%Insurance$1404%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

|

Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,600

Closing costs

1%

$3,930

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$3,950

Mortgage P&I

57%

$2,041

Property Taxes

15%

$547

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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