REI Lense

REI Lense

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$1,972 (target)

36757 Adele Dr, Sterling Heights, MI 48312

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $65,079 initial cash invested.

-7.93%

Cash On Cash

4.64%

Cap Rate

0.78

DSCR

$1,972

Rent

-$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,972 income − $2,402 expenses = $430 out of pocket

Income$1,972Out of Pocket$430Mortgage P&I$1,53078%Property Taxes$25113%Insurance$1085%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,972

Total Expenses

$2,402

Mortgage P&I

78%

$1,530

Property Taxes

13%

$251

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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