REI Lense

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$2,821 (target)

1933 Tamarisk Dr, East Lansing, MI 48823

3 beds • 3 baths • 2158 sqft

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This property looks like a bad Long-Term investment with a projected -4.47% first-year return on $69,825 initial cash invested.

-4.47%

Cash On Cash

5.66%

Cap Rate

0.93

DSCR

$2,821

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,821 income − $3,081 expenses = $260 out of pocket

Income$2,821Out of Pocket$260Mortgage P&I$1,68760%Property Taxes$54019%Insurance$1214%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,825

Downpayment

20%

$66,500

Closing costs

1%

$3,325

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,821

Total Expenses

$3,081

Mortgage P&I

60%

$1,687

Property Taxes

19%

$540

Home Insurance

4%

$121

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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