REI Lense

REI Lense

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$2,069 (target)

33950 Ecorse Rd, Romulus, MI 48174

3 beds • 2 baths • 1641 sqft

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This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $72,534 initial cash invested.

-11.58%

Cash On Cash

3.92%

Cap Rate

0.65

DSCR

$2,069

Rent

-$700

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,069 income − $2,769 expenses = $700 out of pocket

Income$2,069Out of Pocket$700Mortgage P&I$1,72483%Property Taxes$38919%Insurance$1196%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,534

Downpayment

20%

$69,080

Closing costs

1%

$3,454

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,069

Total Expenses

$2,769

Mortgage P&I

83%

$1,724

Property Taxes

19%

$389

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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