REI Lense

REI Lense

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$1,960 (target)

1295 1st St, Lapeer, MI 48446

3 beds • 2 baths • 1920 sqft

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This property might be a fair Mid-Term investment with a projected 1.2% first-year return on $59,181 initial cash invested.

1.2%

Cash On Cash

7.24%

Cap Rate

1.13

DSCR

$1,960

Rent

$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,181

Downpayment

20%

$39,220

Closing costs

1%

$1,961

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,960

Total Expenses

$1,901

Mortgage P&I

53%

$1,046

Property Taxes

7%

$133

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$216

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