REI Lense

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$3,002 (target)

3535 Hein Dr, Sterling Heights, MI 48310

3 beds • 3 baths • 2660 sqft

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This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $79,257 initial cash invested.

-0.68%

Cash On Cash

6.32%

Cap Rate

1.05

DSCR

$3,002

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $3,047 expenses = $45 out of pocket

Income$3,002Out of Pocket$45Mortgage P&I$1,46249%Property Taxes$45115%Insurance$1144%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,257

Downpayment

20%

$58,340

Closing costs

1%

$2,917

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$3,047

Mortgage P&I

49%

$1,462

Property Taxes

15%

$451

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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