REI Lense

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$3,468 (target)

645 Jewell St, Ferndale, MI 48220

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $94,272 initial cash invested.

-3.76%

Cash On Cash

5.61%

Cap Rate

0.92

DSCR

$3,468

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,468 income − $3,763 expenses = $295 out of pocket

Income$3,468Out of Pocket$295Mortgage P&I$1,85453%Property Taxes$60818%Insurance$1224%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,272

Downpayment

20%

$72,640

Closing costs

1%

$3,632

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,468

Total Expenses

$3,763

Mortgage P&I

53%

$1,854

Property Taxes

18%

$608

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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