REI Lense

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$2,606 (target)

1601 Wellington Rd, Lansing, MI 48910

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $70,815 initial cash invested.

-2.66%

Cash On Cash

6.34%

Cap Rate

0.96

DSCR

$2,606

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,606 income − $2,763 expenses = $157 out of pocket

Income$2,606Out of Pocket$157Mortgage P&I$1,38253%Property Taxes$41116%Insurance$843%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

|

Purchase Price

$252k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,815

Downpayment

20%

$50,300

Closing costs

1%

$2,515

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,606

Total Expenses

$2,763

Mortgage P&I

53%

$1,382

Property Taxes

16%

$411

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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