REI Lense

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$2,312 (target)

645 Jewell St, Ferndale, MI 48220

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $76,272 initial cash invested.

-13.75%

Cash On Cash

3.62%

Cap Rate

0.59

DSCR

$2,312

Rent

-$874

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $3,186 expenses = $874 out of pocket

Income$2,312Out of Pocket$874Mortgage P&I$1,85480%Property Taxes$60826%Insurance$1225%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,272

Downpayment

20%

$72,640

Closing costs

1%

$3,632

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,312

Total Expenses

$3,186

Mortgage P&I

80%

$1,854

Property Taxes

26%

$608

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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