REI Lense

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$3,711 (target)

164 Oakland Dr, East Lansing, MI 48823

3 beds • 2 baths • 1991 sqft

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This property looks like a bad Mid-Term investment with a projected -0.01% first-year return on $91,290 initial cash invested.

-0.01%

Cash On Cash

6.63%

Cap Rate

1.08

DSCR

$3,711

Rent

-$1

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,711 income − $3,712 expenses = $1 out of pocket

Income$3,711Out of Pocket$1Mortgage P&I$1,78248%Property Taxes$54415%Insurance$1263%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,711

Total Expenses

$3,712

Mortgage P&I

48%

$1,782

Property Taxes

15%

$544

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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