REI Lense

REI Lense

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$2,567 (target)

44325 Meadowlake Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 2324 sqft

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This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $92,442 initial cash invested.

-14.97%

Cash On Cash

3.19%

Cap Rate

0.53

DSCR

$2,567

Rent

-$1,153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,567 income − $3,720 expenses = $1,153 out of pocket

Income$2,567Out of Pocket$1,153Mortgage P&I$2,19786%Property Taxes$68627%Insurance$1586%HOA$12Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,442

Downpayment

20%

$88,040

Closing costs

1%

$4,402

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,567

Total Expenses

$3,720

Mortgage P&I

86%

$2,197

Property Taxes

27%

$686

Home Insurance

6%

$158

HOA

0%

$12

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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