REI Lense

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$2,884 (target)

1500 W Saint Joseph St, Lansing, MI 48915

3 beds • 2 baths • 2281 sqft

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This property might be a fair Mid-Term investment with a projected 0.25% first-year return on $71,949 initial cash invested.

0.25%

Cash On Cash

6.6%

Cap Rate

1.1

DSCR

$2,884

Rent

$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,884 income − $2,869 expenses = $15 cash flow

Income$2,884Mortgage P&I$1,28244%Property Taxes$51618%Insurance$913%Management$34612%CapEx$1154%Vacancy$873%Maintenance$1154%Other$31711%Cash Flow$15

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,949

Downpayment

20%

$51,380

Closing costs

1%

$2,569

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,884

Total Expenses

$2,869

Mortgage P&I

44%

$1,282

Property Taxes

18%

$516

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$87

Maintenance

4%

$115

Other

11%

$317

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