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$2,682 (target)

201 Strathmore Rd, Lansing, MI 48910

3 beds • 3 baths • 1607 sqft

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This property might be a fair Mid-Term investment with a projected 3.39% first-year return on $66,468 initial cash invested.

3.39%

Cash On Cash

7.93%

Cap Rate

1.24

DSCR

$2,682

Rent

$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,682 income − $2,494 expenses = $188 cash flow

Income$2,682Mortgage P&I$1,23146%Property Taxes$27010%Insurance$823%Management$32212%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$188

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,468

Downpayment

20%

$46,160

Closing costs

1%

$2,308

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,682

Total Expenses

$2,494

Mortgage P&I

46%

$1,231

Property Taxes

10%

$270

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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