REI Lense

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$2,456 (target)

1608 Sunnyside Ave, Lansing, MI 48910

3 beds • 2 baths • 1933 sqft

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This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $68,379 initial cash invested.

-1.12%

Cash On Cash

6.44%

Cap Rate

1.03

DSCR

$2,456

Rent

-$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,456 income − $2,520 expenses = $64 out of pocket

Income$2,456Out of Pocket$64Mortgage P&I$1,25351%Property Taxes$34814%Insurance$843%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,456

Total Expenses

$2,520

Mortgage P&I

51%

$1,253

Property Taxes

14%

$348

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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