REI Lense

REI Lense

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$1,955 (target)

6577 N Lafayette St, Dearborn Heights, MI 48127

3 beds • 2 baths • 2106 sqft

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This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $54,747 initial cash invested.

-11.13%

Cash On Cash

4.04%

Cap Rate

0.68

DSCR

$1,955

Rent

-$508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,955 income − $2,463 expenses = $508 out of pocket

Income$1,955Out of Pocket$508Mortgage P&I$1,28766%Property Taxes$56229%Insurance$1055%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,747

Downpayment

20%

$52,140

Closing costs

1%

$2,607

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,955

Total Expenses

$2,463

Mortgage P&I

66%

$1,287

Property Taxes

29%

$562

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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