REI Lense

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$3,170 (target)

27216 Shiawassee Rd, Southfield, MI 48033

3 beds • 2 baths • 1953 sqft

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This property looks like a bad Mid-Term investment with a projected -0.26% first-year return on $79,740 initial cash invested.

-0.26%

Cash On Cash

6.47%

Cap Rate

1.07

DSCR

$3,170

Rent

-$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,170 income − $3,187 expenses = $17 out of pocket

Income$3,170Out of Pocket$17Mortgage P&I$1,47547%Property Taxes$52917%Insurance$1053%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,170

Total Expenses

$3,187

Mortgage P&I

47%

$1,475

Property Taxes

17%

$529

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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