REI Lense

REI Lense

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$1,898 (target)

1716 Gordon Ave, Lansing, MI 48910

3 beds • 3 baths • 1865 sqft

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This property looks like a bad Long-Term investment with a projected -3.96% first-year return on $44,520 initial cash invested.

-3.96%

Cash On Cash

6.11%

Cap Rate

0.95

DSCR

$1,898

Rent

-$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,898 income − $2,045 expenses = $147 out of pocket

Income$1,898Out of Pocket$147Mortgage P&I$1,13160%Property Taxes$34518%Insurance$754%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$212k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,520

Downpayment

20%

$42,400

Closing costs

1%

$2,120

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,898

Total Expenses

$2,045

Mortgage P&I

60%

$1,131

Property Taxes

18%

$345

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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