REI Lense

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$3,400 (target)

369 Norborne Ave, Dearborn Heights, MI 48127

3 beds • 3 baths • 2416 sqft

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This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $112k initial cash invested.

-10.67%

Cash On Cash

3.82%

Cap Rate

0.62

DSCR

$3,400

Rent

-$998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,400 income − $4,398 expenses = $998 out of pocket

Income$3,400Out of Pocket$998Mortgage P&I$2,29167%Property Taxes$74522%Insurance$2066%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,740

Closing costs

1%

$4,487

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,400

Total Expenses

$4,398

Mortgage P&I

67%

$2,291

Property Taxes

22%

$745

Home Insurance

6%

$206

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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