REI Lense

REI Lense

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$1,710 (target)

6518 Fenton St, Dearborn Heights, MI 48127

3 beds • 2 baths • 981 sqft

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This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $57,078 initial cash invested.

-13.73%

Cash On Cash

3.73%

Cap Rate

0.6

DSCR

$1,710

Rent

-$653

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,710 income − $2,363 expenses = $653 out of pocket

Income$1,710Out of Pocket$653Mortgage P&I$1,41283%Property Taxes$40724%Insurance$986%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,078

Downpayment

20%

$54,360

Closing costs

1%

$2,718

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,710

Total Expenses

$2,363

Mortgage P&I

83%

$1,412

Property Taxes

24%

$407

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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