REI Lense

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$2,500 (target)

2003 Carman Dr, Saginaw, MI 48602

3 beds • 3 baths • 1738 sqft

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This property might be a fair Mid-Term investment with a projected 2.78% first-year return on $62,520 initial cash invested.

2.78%

Cash On Cash

7.87%

Cap Rate

1.21

DSCR

$2,500

Rent

$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,500 income − $2,355 expenses = $145 cash flow

Income$2,500Mortgage P&I$1,14546%Property Taxes$28611%Insurance$743%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%Cash Flow$145

Investment Breakdown

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Purchase Price

$212k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,520

Downpayment

20%

$42,400

Closing costs

1%

$2,120

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,500

Total Expenses

$2,355

Mortgage P&I

46%

$1,145

Property Taxes

11%

$286

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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