REI Lense

REI Lense

$3,436 (target)

1188 Hockey Ln, Lapeer, MI 48446

3 beds • 3 baths • 2800 sqft

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This property might be a fair Mid-Term investment with a projected 0.66% first-year return on $92,277 initial cash invested.

0.66%

Cash On Cash

7.26%

Cap Rate

1.1

DSCR

$3,436

Rent

$51

Cashflow

Cash Flow

$3,436 income − $3,385 expenses = $51 cash flow

Income$3,436P&I$1,95257%Taxes$1404%Insurance$1264%Mgmt$41212%CapEx$1374%Vacancy$1033%Maint.$1374%Other$37811%Cash Flow$51

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,277

Downpayment

20%

$70,740

Closing costs

1%

$3,537

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,436

Total Expenses

$3,385

Mortgage P&I

57%

$1,952

Property Taxes

4%

$140

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

See Lapeer, MI mid-term rental market →

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