REI Lense

REI Lense

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$1,788 (target)

201 Strathmore Rd, Lansing, MI 48910

3 beds • 3 baths • 1607 sqft

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This property looks like a bad Long-Term investment with a projected -6.41% first-year return on $48,468 initial cash invested.

-6.41%

Cash On Cash

5.52%

Cap Rate

0.86

DSCR

$1,788

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,788 income − $2,047 expenses = $259 out of pocket

Income$1,788Out of Pocket$259Mortgage P&I$1,23169%Property Taxes$27015%Insurance$825%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$231k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,468

Downpayment

20%

$46,160

Closing costs

1%

$2,308

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,788

Total Expenses

$2,047

Mortgage P&I

69%

$1,231

Property Taxes

15%

$270

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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