REI Lense

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$1,788 (target)

7489 N Silvery Ln, Dearborn Heights, MI 48127

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $46,158 initial cash invested.

-6.76%

Cash On Cash

5.83%

Cap Rate

0.86

DSCR

$1,788

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,788 income − $2,048 expenses = $260 out of pocket

Income$1,788Out of Pocket$260Mortgage P&I$1,23969%Property Taxes$27916%Insurance$664%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,158

Downpayment

20%

$43,960

Closing costs

1%

$2,198

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,788

Total Expenses

$2,048

Mortgage P&I

69%

$1,239

Property Taxes

16%

$279

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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