REI Lense

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$3,008 (target)

1812 E Longmeadow Rd, Trenton, MI 48183

3 beds • 2 baths • 1265 sqft

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This property might be a fair Mid-Term investment with a projected 2.22% first-year return on $70,311 initial cash invested.

2.22%

Cash On Cash

7.69%

Cap Rate

1.19

DSCR

$3,008

Rent

$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,008 income − $2,878 expenses = $130 cash flow

Income$3,008Mortgage P&I$1,34645%Property Taxes$42214%Insurance$883%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%Cash Flow$130

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,311

Downpayment

20%

$49,820

Closing costs

1%

$2,491

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,008

Total Expenses

$2,878

Mortgage P&I

45%

$1,346

Property Taxes

14%

$422

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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