REI Lense

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$2,590 (target)

39839 Dorian Dr, Sterling Heights, MI 48310

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $75,348 initial cash invested.

-9.78%

Cash On Cash

5%

Cap Rate

0.76

DSCR

$2,590

Rent

-$614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $3,204 expenses = $614 out of pocket

Income$2,590Out of Pocket$614Mortgage P&I$1,98076%Property Taxes$42216%Insurance$1285%Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,348

Downpayment

20%

$71,760

Closing costs

1%

$3,588

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,590

Total Expenses

$3,204

Mortgage P&I

76%

$1,980

Property Taxes

16%

$422

Home Insurance

5%

$128

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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