REI Lense

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$3,771 (target)

4844 Whitlow Blvd, Commerce Township, MI 48382

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 6.12% first-year return on $89,379 initial cash invested.

6.12%

Cash On Cash

8.13%

Cap Rate

1.36

DSCR

$3,771

Rent

$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,771 income − $3,315 expenses = $456 cash flow

Income$3,771Mortgage P&I$1,69545%Property Taxes$2096%Insurance$1193%HOA$9Management$45312%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41511%Cash Flow$456

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,771

Total Expenses

$3,315

Mortgage P&I

45%

$1,695

Property Taxes

6%

$209

Home Insurance

3%

$119

HOA

0%

$9

Property Management

12%

$453

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$415

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