REI Lense

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$2,270 (target)

8398 W Outer Dr, Detroit, MI 48219

3 beds • 3 baths • 2156 sqft

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This property might be a fair Mid-Term investment with a projected 0.08% first-year return on $62,520 initial cash invested.

0.08%

Cash On Cash

7.04%

Cap Rate

1.08

DSCR

$2,270

Rent

$4

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,266 expenses = $4 cash flow

Income$2,270Mortgage P&I$1,14951%Property Taxes$27112%Insurance$743%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$4

Investment Breakdown

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Purchase Price

$212k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,520

Downpayment

20%

$42,400

Closing costs

1%

$2,120

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,270

Total Expenses

$2,266

Mortgage P&I

51%

$1,149

Property Taxes

12%

$271

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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