REI Lense

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$3,296 (target)

5918 N Evangeline St, Dearborn Heights, MI 48127

3 beds • 4 baths • 3072 sqft

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This property looks like a bad Mid-Term investment with a projected -10.5% first-year return on $115k initial cash invested.

-10.5%

Cash On Cash

3.82%

Cap Rate

0.63

DSCR

$3,296

Rent

-$1,010

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,296 income − $4,306 expenses = $1,010 out of pocket

Income$3,296Out of Pocket$1,010Mortgage P&I$2,35772%Property Taxes$65220%Insurance$1755%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

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Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,820

Closing costs

1%

$4,641

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,296

Total Expenses

$4,306

Mortgage P&I

72%

$2,357

Property Taxes

20%

$652

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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