REI Lense

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$2,564 (target)

9983 Hemingway Ave, Redford, MI 48239

3 beds • 2 baths • 2118 sqft

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This property looks like a bad Mid-Term investment with a projected -0.37% first-year return on $74,679 initial cash invested.

-0.37%

Cash On Cash

6.41%

Cap Rate

1.06

DSCR

$2,564

Rent

-$23

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $2,587 expenses = $23 out of pocket

Income$2,564Out of Pocket$23Mortgage P&I$1,36253%Property Taxes$25810%Insurance$944%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,587

Mortgage P&I

53%

$1,362

Property Taxes

10%

$258

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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