REI Lense

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$1,945 (target)

2950 McKinley St, Dearborn, MI 48124

3 beds • 2 baths • 1696 sqft

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This property might be a fair Long-Term investment with a projected 1.7% first-year return on $40,950 initial cash invested.

1.7%

Cash On Cash

7.4%

Cap Rate

1.15

DSCR

$1,945

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,945 income − $1,887 expenses = $58 cash flow

Income$1,945Mortgage P&I$1,04754%Property Taxes$26714%Insurance$683%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%Cash Flow$58

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,950

Downpayment

20%

$39,000

Closing costs

1%

$1,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,945

Total Expenses

$1,887

Mortgage P&I

54%

$1,047

Property Taxes

14%

$267

Home Insurance

4%

$68

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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