REI Lense

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$3,246 (target)

35074 Lana Ln, Sterling Heights, MI 48312

3 beds • 2 baths • 2712 sqft

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This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $87,048 initial cash invested.

-1.94%

Cash On Cash

5.95%

Cap Rate

0.99

DSCR

$3,246

Rent

-$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,246 income − $3,387 expenses = $141 out of pocket

Income$3,246Out of Pocket$141Mortgage P&I$1,64151%Property Taxes$52516%Insurance$1174%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,048

Downpayment

20%

$65,760

Closing costs

1%

$3,288

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,246

Total Expenses

$3,387

Mortgage P&I

51%

$1,641

Property Taxes

16%

$525

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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