REI Lense

REI Lense

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$2,311 (target)

1041 W Grand River Ave, East Lansing, MI 48823

3 beds • 2 baths • 1574 sqft

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This property looks like a bad Long-Term investment with a projected -5.18% first-year return on $57,918 initial cash invested.

-5.18%

Cash On Cash

5.36%

Cap Rate

0.9

DSCR

$2,311

Rent

-$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,311 income − $2,561 expenses = $250 out of pocket

Income$2,311Out of Pocket$250Mortgage P&I$1,36759%Property Taxes$47020%Insurance$1225%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,918

Downpayment

20%

$55,160

Closing costs

1%

$2,758

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,311

Total Expenses

$2,561

Mortgage P&I

59%

$1,367

Property Taxes

20%

$470

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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