REI Lense

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$3,184 (target)

11120 Handel Ln, Davison, MI 48423

3 beds • 2 baths • 1350 sqft

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This property might be a fair Mid-Term investment with a projected 2.78% first-year return on $89,379 initial cash invested.

2.78%

Cash On Cash

7.21%

Cap Rate

1.2

DSCR

$3,184

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,184 income − $2,977 expenses = $207 cash flow

Income$3,184Mortgage P&I$1,70854%Property Taxes$181%Insurance$1194%HOA$502%Management$38212%CapEx$1274%Vacancy$963%Maintenance$1274%Other$35011%Cash Flow$207

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,184

Total Expenses

$2,977

Mortgage P&I

54%

$1,708

Property Taxes

1%

$18

Home Insurance

4%

$119

HOA

2%

$50

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$96

Maintenance

4%

$127

Other

11%

$350

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