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1330 Chartwell Dual Carriage Way, East Lansing, MI 48823
3 beds • 3 baths • 1804 sqft
$284,900
View on ZillowThis property might be a fair Mid-Term investment with a projected 7.71% first-year return on $77,829 initial cash invested.
7.71%
Cash On Cash
8.78%
Cap Rate
1.45
DSCR
$3,639
Rent
$500
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,639 income − $3,139 expenses = $500 cash flow
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,639
Total Expenses
$3,139
Mortgage P&I
40%
$1,438
Property Taxes
10%
$346
Home Insurance
3%
$100
HOA
0%
$17
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400