REI Lense

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$4,232 (target)

1933 Tamarisk Dr, East Lansing, MI 48823

3 beds • 3 baths • 2158 sqft

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This property might be a fair Mid-Term investment with a projected 6.08% first-year return on $87,825 initial cash invested.

6.08%

Cash On Cash

8.3%

Cap Rate

1.36

DSCR

$4,232

Rent

$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,232 income − $3,787 expenses = $445 cash flow

Income$4,232Mortgage P&I$1,68740%Property Taxes$54013%Insurance$1213%Management$50812%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46611%Cash Flow$445

Investment Breakdown

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Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,825

Downpayment

20%

$66,500

Closing costs

1%

$3,325

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,232

Total Expenses

$3,787

Mortgage P&I

40%

$1,687

Property Taxes

13%

$540

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$508

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$466

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