REI Lense

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$2,232 (target)

8360 Freda St, Detroit, MI 48204

3 beds • 2 baths • 1270 sqft

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This property might be a fair Mid-Term investment with a projected 0.8% first-year return on $55,779 initial cash invested.

0.8%

Cash On Cash

7.37%

Cap Rate

1.13

DSCR

$2,232

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,232 income − $2,195 expenses = $37 cash flow

Income$2,232Mortgage P&I$97944%Property Taxes$39418%Insurance$633%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24611%Cash Flow$37

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,232

Total Expenses

$2,195

Mortgage P&I

44%

$979

Property Taxes

18%

$394

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$246

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