REI Lense

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$4,126 (target)

7500 Six Mile Rd, Northville, MI 48168

3 beds • 4 baths • 3332 sqft

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This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $116k initial cash invested.

-4.19%

Cash On Cash

5.48%

Cap Rate

0.9

DSCR

$4,126

Rent

-$406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,126 income − $4,532 expenses = $406 out of pocket

Income$4,126Out of Pocket$406Mortgage P&I$2,37958%Property Taxes$3308%Insurance$42010%Management$49512%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,720

Closing costs

1%

$4,686

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,126

Total Expenses

$4,532

Mortgage P&I

58%

$2,379

Property Taxes

8%

$330

Home Insurance

10%

$420

HOA

0%

$0

Property Management

12%

$495

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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