REI Lense

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$2,142 (target)

8544 Kinloch St, Dearborn Heights, MI 48127

3 beds • 2 baths • 1884 sqft

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This property looks like a bad Long-Term investment with a projected -14.13% first-year return on $65,625 initial cash invested.

-14.13%

Cash On Cash

3.83%

Cap Rate

0.6

DSCR

$2,142

Rent

-$773

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,915 expenses = $773 out of pocket

Income$2,142Out of Pocket$773Mortgage P&I$1,66378%Property Taxes$58327%Insurance$1125%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$313k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,625

Downpayment

20%

$62,500

Closing costs

1%

$3,125

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,142

Total Expenses

$2,915

Mortgage P&I

78%

$1,663

Property Taxes

27%

$583

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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