REI Lense

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$2,279 (target)

9338 Florida St, Livonia, MI 48150

3 beds • 2 baths • 1940 sqft

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This property looks like a bad Long-Term investment with a projected -7.38% first-year return on $68,334 initial cash invested.

-7.38%

Cash On Cash

4.86%

Cap Rate

0.81

DSCR

$2,279

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,279 income − $2,699 expenses = $420 out of pocket

Income$2,279Out of Pocket$420Mortgage P&I$1,62471%Property Taxes$37016%Insurance$1125%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,334

Downpayment

20%

$65,080

Closing costs

1%

$3,254

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,279

Total Expenses

$2,699

Mortgage P&I

71%

$1,624

Property Taxes

16%

$370

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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