REI Lense

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$4,751 (target)

9533 Chaumont Dr, Commerce Township, MI 48382

3 beds • 4 baths • 2905 sqft

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This property might be a fair Long-Term investment with a projected 8.09% first-year return on $93,849 initial cash invested.

8.09%

Cash On Cash

8.37%

Cap Rate

1.39

DSCR

$4,751

Rent

$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,751 income − $4,118 expenses = $633 cash flow

Income$4,751Mortgage P&I$2,24547%Property Taxes$47510%Insurance$1543%HOA$8Management$47510%CapEx$2385%Vacancy$2856%Maintenance$2385%Cash Flow$633

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,849

Downpayment

20%

$89,380

Closing costs

1%

$4,469

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,751

Total Expenses

$4,118

Mortgage P&I

47%

$2,245

Property Taxes

10%

$475

Home Insurance

3%

$154

HOA

0%

$8

Property Management

10%

$475

CapEx

5%

$238

Vacancy

6%

$285

Maintenance

5%

$238

Other

0%

$0

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