REI Lense

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$1,637 (target)

1608 Sunnyside Ave, Lansing, MI 48910

3 beds • 2 baths • 1933 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $50,379 initial cash invested.

-11.29%

Cash On Cash

4.31%

Cap Rate

0.69

DSCR

$1,637

Rent

-$474

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,637 income − $2,111 expenses = $474 out of pocket

Income$1,637Out of Pocket$474Mortgage P&I$1,25377%Property Taxes$34821%Insurance$845%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,637

Total Expenses

$2,111

Mortgage P&I

77%

$1,253

Property Taxes

21%

$348

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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