REI Lense

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$2,858 (target)

5276 Palmer St, Dearborn, MI 48126

3 beds • 2 baths • 1398 sqft

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This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $89,379 initial cash invested.

-8.47%

Cash On Cash

4.79%

Cap Rate

0.72

DSCR

$2,858

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,858 income − $3,489 expenses = $631 out of pocket

Income$2,858Out of Pocket$631Mortgage P&I$1,87366%Property Taxes$52618%Insurance$1194%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

7.3%

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

$2,858

Total Expenses

$3,489

Mortgage P&I

66%

$1,873

Property Taxes

18%

$526

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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