REI Lense

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$2,678 (target)

5430 Chase Rd, Dearborn, MI 48126

3 beds • 2 baths • 1984 sqft

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This property looks like a bad Mid-Term investment with a projected -6.65% first-year return on $91,479 initial cash invested.

-6.65%

Cash On Cash

5.24%

Cap Rate

0.79

DSCR

$2,678

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $3,185 expenses = $507 out of pocket

Income$2,678Out of Pocket$507Mortgage P&I$1,92872%Property Taxes$2258%Insurance$1225%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,678

Total Expenses

$3,185

Mortgage P&I

72%

$1,928

Property Taxes

8%

$225

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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