REI Lense

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$1,709 (target)

9983 Hemingway Ave, Redford, MI 48239

3 beds • 2 baths • 2118 sqft

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This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $56,679 initial cash invested.

-9.51%

Cash On Cash

4.44%

Cap Rate

0.73

DSCR

$1,709

Rent

-$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,158 expenses = $449 out of pocket

Income$1,709Out of Pocket$449Mortgage P&I$1,36280%Property Taxes$25815%Insurance$946%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,158

Mortgage P&I

80%

$1,362

Property Taxes

15%

$258

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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