REI Lense

REI Lense

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$2,560 (target)

1728 Davis Ave, Lansing, MI 48910

3 beds • 2 baths • 1196 sqft

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This property might be a fair Mid-Term investment with a projected 9.69% first-year return on $55,338 initial cash invested.

9.69%

Cash On Cash

10.09%

Cap Rate

1.58

DSCR

$2,560

Rent

$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,338

Downpayment

20%

$35,560

Closing costs

1%

$1,778

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,560

Total Expenses

$2,113

Mortgage P&I

37%

$946

Property Taxes

9%

$234

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$307

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$282

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