REI Lense

REI Lense

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$3,456 (target)

39629 Edgemont Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 2531 sqft

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This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $92,592 initial cash invested.

-0.7%

Cash On Cash

6.2%

Cap Rate

1.05

DSCR

$3,456

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,592

Downpayment

20%

$71,040

Closing costs

1%

$3,552

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,456

Total Expenses

$3,510

Mortgage P&I

51%

$1,751

Property Taxes

13%

$458

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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