REI Lense

REI Lense

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$2,432 (target)

38575 Barth St, Romulus, MI 48174

3 beds • 3 baths • 3716 sqft

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This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $110k initial cash invested.

-15.59%

Cash On Cash

3.05%

Cap Rate

0.5

DSCR

$2,432

Rent

-$1,435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,432 income − $3,867 expenses = $1,435 out of pocket

Income$2,432Out of Pocket$1,435Mortgage P&I$2,648109%Property Taxes$39716%Insurance$1898%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$526k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,261

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,432

Total Expenses

$3,867

Mortgage P&I

109%

$2,648

Property Taxes

16%

$397

Home Insurance

8%

$189

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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