REI Lense

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$1,892 (target)

29385 Spoon Ave, Madison Heights, MI 48071

3 beds • 2 baths • 1864 sqft

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This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $59,871 initial cash invested.

-12.99%

Cash On Cash

3.65%

Cap Rate

0.61

DSCR

$1,892

Rent

-$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,892 income − $2,540 expenses = $648 out of pocket

Income$1,892Out of Pocket$648Mortgage P&I$1,41975%Property Taxes$52828%Insurance$1005%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,871

Downpayment

20%

$57,020

Closing costs

1%

$2,851

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,892

Total Expenses

$2,540

Mortgage P&I

75%

$1,419

Property Taxes

28%

$528

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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