REI Lense

REI Lense

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$1,793 (target)

6155 N Silvery Ln, Dearborn Heights, MI 48127

3 beds • 2 baths • 1206 sqft

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This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $58,758 initial cash invested.

-15.95%

Cash On Cash

3.01%

Cap Rate

0.5

DSCR

$1,793

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,793 income − $2,574 expenses = $781 out of pocket

Income$1,793Out of Pocket$781Mortgage P&I$1,39278%Property Taxes$61034%Insurance$1056%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,758

Downpayment

20%

$55,960

Closing costs

1%

$2,798

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,793

Total Expenses

$2,574

Mortgage P&I

78%

$1,392

Property Taxes

34%

$610

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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