REI Lense

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$2,035 (target)

9903 Ruth Ave, Allen Park, MI 48101

3 beds • 2 baths • 1665 sqft

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This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $48,111 initial cash invested.

-9.98%

Cash On Cash

4.82%

Cap Rate

0.76

DSCR

$2,035

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,035 income − $2,435 expenses = $400 out of pocket

Income$2,035Out of Pocket$400Mortgage P&I$1,21960%Property Taxes$60630%Insurance$804%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,111

Downpayment

20%

$45,820

Closing costs

1%

$2,291

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,035

Total Expenses

$2,435

Mortgage P&I

60%

$1,219

Property Taxes

30%

$606

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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