REI Lense

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$1,978 (target)

2700 Middlebelt Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -18.02% first-year return on $75,705 initial cash invested.

-18.02%

Cash On Cash

2.6%

Cap Rate

0.43

DSCR

$1,978

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,978 income − $3,115 expenses = $1,137 out of pocket

Income$1,978Out of Pocket$1,137Mortgage P&I$1,81992%Property Taxes$50225%Insurance$26213%HOA$171%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,978

Total Expenses

$3,115

Mortgage P&I

92%

$1,819

Property Taxes

25%

$502

Home Insurance

13%

$262

HOA

1%

$17

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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