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$3,466 (target)

1041 W Grand River Ave, East Lansing, MI 48823

3 beds • 2 baths • 1574 sqft

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This property might be a fair Mid-Term investment with a projected 5.18% first-year return on $75,918 initial cash invested.

5.18%

Cash On Cash

7.98%

Cap Rate

1.34

DSCR

$3,466

Rent

$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,466 income − $3,138 expenses = $328 cash flow

Income$3,466Mortgage P&I$1,36739%Property Taxes$47014%Insurance$1224%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%Cash Flow$328

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,918

Downpayment

20%

$55,160

Closing costs

1%

$2,758

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,466

Total Expenses

$3,138

Mortgage P&I

39%

$1,367

Property Taxes

14%

$470

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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