REI Lense

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$1,878 (target)

31541 Madison Ave, Madison Heights, MI 48071

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $58,422 initial cash invested.

-11.77%

Cash On Cash

3.92%

Cap Rate

0.65

DSCR

$1,878

Rent

-$573

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,878 income − $2,451 expenses = $573 out of pocket

Income$1,878Out of Pocket$573Mortgage P&I$1,38874%Property Taxes$45824%Insurance$1166%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,878

Total Expenses

$2,451

Mortgage P&I

74%

$1,388

Property Taxes

24%

$458

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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