REI Lense

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$3,716 (target)

1325 Chartwell Carriage Way S, East Lansing, MI 48823

3 beds • 3 baths • 2322 sqft

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This property might be a fair Mid-Term investment with a projected 1.69% first-year return on $86,880 initial cash invested.

1.69%

Cash On Cash

6.96%

Cap Rate

1.17

DSCR

$3,716

Rent

$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,716 income − $3,594 expenses = $122 cash flow

Income$3,716Mortgage P&I$1,63244%Property Taxes$56315%Insurance$1183%HOA$17Management$44612%CapEx$1494%Vacancy$1113%Maintenance$1494%Other$40911%Cash Flow$122

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,880

Downpayment

20%

$65,600

Closing costs

1%

$3,280

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,716

Total Expenses

$3,594

Mortgage P&I

44%

$1,632

Property Taxes

15%

$563

Home Insurance

3%

$118

HOA

0%

$17

Property Management

12%

$446

CapEx

4%

$149

Vacancy

3%

$111

Maintenance

4%

$149

Other

11%

$409

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