REI Lense

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$1,887 (target)

8835 Birkhill Dr, Sterling Heights, MI 48314

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $64,953 initial cash invested.

-12.1%

Cash On Cash

3.91%

Cap Rate

0.64

DSCR

$1,887

Rent

-$655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $2,542 expenses = $655 out of pocket

Income$1,887Out of Pocket$655Mortgage P&I$1,57083%Property Taxes$37220%Insurance$1106%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,953

Downpayment

20%

$61,860

Closing costs

1%

$3,093

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,887

Total Expenses

$2,542

Mortgage P&I

83%

$1,570

Property Taxes

20%

$372

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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