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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 looks like a bad Long-Term investment with a projected -2.13% first-year return on $59,829 initial cash invested.
-2.13%
Cash On Cash
6.12%
Cap Rate
1.01
DSCR
$2,426
Rent
-$106
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,426 income − $2,532 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$285k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,829
Downpayment
20%
$56,980
Closing costs
1%
$2,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,426
Total Expenses
$2,532
Mortgage P&I
59%
$1,438
Property Taxes
14%
$346
Home Insurance
4%
$100
HOA
1%
$17
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0