REI Lense

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$1,607 (target)

26091 Alger Blvd, Madison Heights, MI 48071

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $44,688 initial cash invested.

-9.75%

Cash On Cash

4.91%

Cap Rate

0.75

DSCR

$1,607

Rent

-$363

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,607 income − $1,970 expenses = $363 out of pocket

Income$1,607Out of Pocket$363Mortgage P&I$1,15372%Property Taxes$32520%Insurance$755%Management$16110%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,688

Downpayment

20%

$42,560

Closing costs

1%

$2,128

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,607

Total Expenses

$1,970

Mortgage P&I

72%

$1,153

Property Taxes

20%

$325

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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