REI Lense

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$2,265 (target)

5093 Northlawn Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1371 sqft

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This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $69,279 initial cash invested.

-14.81%

Cash On Cash

3.98%

Cap Rate

0.6

DSCR

$2,265

Rent

-$855

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,265 income − $3,120 expenses = $855 out of pocket

Income$2,265Out of Pocket$855Mortgage P&I$1,83781%Property Taxes$57926%Insurance$1165%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,265

Total Expenses

$3,120

Mortgage P&I

81%

$1,837

Property Taxes

26%

$579

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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