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$3,144 (target)

1986 Riveria Dr, East Lansing, MI 48823

3 beds • 3 baths • 1924 sqft

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This property might be a fair Mid-Term investment with a projected 3.91% first-year return on $70,500 initial cash invested.

3.91%

Cash On Cash

8.25%

Cap Rate

1.26

DSCR

$3,144

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,144 income − $2,914 expenses = $230 cash flow

Income$3,144Mortgage P&I$1,36343%Property Taxes$39413%Insurance$883%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%Cash Flow$230

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,144

Total Expenses

$2,914

Mortgage P&I

43%

$1,363

Property Taxes

13%

$394

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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