REI Lense

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$2,968 (target)

43666 Deborah Dr, Sterling Heights, MI 48313

3 beds • 2 baths • 1488 sqft

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This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $77,661 initial cash invested.

2.24%

Cash On Cash

7.46%

Cap Rate

1.18

DSCR

$2,968

Rent

$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,968 income − $2,823 expenses = $145 cash flow

Income$2,968Mortgage P&I$1,50151%Property Taxes$2117%Insurance$1023%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%Cash Flow$145

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,661

Downpayment

20%

$56,820

Closing costs

1%

$2,841

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,968

Total Expenses

$2,823

Mortgage P&I

51%

$1,501

Property Taxes

7%

$211

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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