REI Lense

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$4,287 (target)

7451 Garland Ave, Brighton, MI 48116

3 beds • 3 baths • 1722 sqft

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This property might be a fair Mid-Term investment with a projected 6.4% first-year return on $97,002 initial cash invested.

6.4%

Cash On Cash

8.16%

Cap Rate

1.37

DSCR

$4,287

Rent

$517

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,287 income − $3,770 expenses = $517 cash flow

Income$4,287Mortgage P&I$1,87144%Property Taxes$3077%Insurance$1313%HOA$4Management$51412%CapEx$1714%Vacancy$1293%Maintenance$1714%Other$47211%Cash Flow$517

Investment Breakdown

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Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,002

Downpayment

20%

$75,240

Closing costs

1%

$3,762

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,287

Total Expenses

$3,770

Mortgage P&I

44%

$1,871

Property Taxes

7%

$307

Home Insurance

3%

$131

HOA

0%

$4

Property Management

12%

$514

CapEx

4%

$171

Vacancy

3%

$129

Maintenance

4%

$171

Other

11%

$472

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