REI Lense

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$3,099 (target)

3516 Cero Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 2890 sqft

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This property might be a fair Mid-Term investment with a projected 2.22% first-year return on $76,905 initial cash invested.

2.22%

Cash On Cash

7.5%

Cap Rate

1.18

DSCR

$3,099

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,099 income − $2,957 expenses = $142 cash flow

Income$3,099Mortgage P&I$1,48748%Property Taxes$30010%Insurance$1164%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$142

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,905

Downpayment

20%

$56,100

Closing costs

1%

$2,805

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,099

Total Expenses

$2,957

Mortgage P&I

48%

$1,487

Property Taxes

10%

$300

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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