REI Lense

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$1,502 (target)

1813 Martin Luther King Jr Dr, Jackson, MI 49203

3 beds • 2 baths • 1344 sqft

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This property could be a profitable Long-Term investment with a projected 64.44% first-year return on $12,738 initial cash invested.

64.44%

Cash On Cash

21.37%

Cap Rate

3.36

DSCR

$1,502

Rent

$684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,502 income − $818 expenses = $684 cash flow

Income$1,502Mortgage P&I$32121%Property Taxes$866%Insurance$211%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$684

Investment Breakdown

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Purchase Price

$60,656

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$12,738

Downpayment

20%

$12,131

Closing costs

1%

$607

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,502

Total Expenses

$818

Mortgage P&I

21%

$321

Property Taxes

6%

$86

Home Insurance

1%

$21

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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