REI Lense

REI Lense

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$2,267 (target)

369 Norborne Ave, Dearborn Heights, MI 48127

3 beds • 3 baths • 2416 sqft

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This property looks like a bad Long-Term investment with a projected -19.92% first-year return on $94,227 initial cash invested.

-19.92%

Cash On Cash

2.25%

Cap Rate

0.37

DSCR

$2,267

Rent

-$1,564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,267 income − $3,831 expenses = $1,564 out of pocket

Income$2,267Out of Pocket$1,564Mortgage P&I$2,291101%Property Taxes$74533%Insurance$2069%Management$22710%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,227

Downpayment

20%

$89,740

Closing costs

1%

$4,487

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,267

Total Expenses

$3,831

Mortgage P&I

101%

$2,291

Property Taxes

33%

$745

Home Insurance

9%

$206

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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