REI Lense

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$2,689 (target)

28115 Six Mile Rd, Livonia, MI 48152

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Long-Term investment with a projected -5.26% first-year return on $73,038 initial cash invested.

-5.26%

Cash On Cash

5.49%

Cap Rate

0.9

DSCR

$2,689

Rent

-$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,689 income − $3,009 expenses = $320 out of pocket

Income$2,689Out of Pocket$320Mortgage P&I$1,77666%Property Taxes$42116%Insurance$1144%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,038

Downpayment

20%

$69,560

Closing costs

1%

$3,478

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,689

Total Expenses

$3,009

Mortgage P&I

66%

$1,776

Property Taxes

16%

$421

Home Insurance

4%

$114

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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