REI Lense

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$2,817 (target)

31541 Madison Ave, Madison Heights, MI 48071

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $76,422 initial cash invested.

-1.63%

Cash On Cash

6.03%

Cap Rate

1.01

DSCR

$2,817

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,817 income − $2,921 expenses = $104 out of pocket

Income$2,817Out of Pocket$104Mortgage P&I$1,38849%Property Taxes$45816%Insurance$1164%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,817

Total Expenses

$2,921

Mortgage P&I

49%

$1,388

Property Taxes

16%

$458

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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