REI Lense

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$3,850 (target)

44325 Meadowlake Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 2324 sqft

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This property looks like a bad Mid-Term investment with a projected -5.57% first-year return on $110k initial cash invested.

-5.57%

Cash On Cash

5.01%

Cap Rate

0.84

DSCR

$3,850

Rent

-$513

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,850 income − $4,363 expenses = $513 out of pocket

Income$3,850Out of Pocket$513Mortgage P&I$2,19757%Property Taxes$68618%Insurance$1584%HOA$12Management$46212%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42411%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,040

Closing costs

1%

$4,402

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,850

Total Expenses

$4,363

Mortgage P&I

57%

$2,197

Property Taxes

18%

$686

Home Insurance

4%

$158

HOA

0%

$12

Property Management

12%

$462

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$424

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