REI Lense

REI Lense

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$1,937 (target)

203 Grant St, Holly, MI 48442

3 beds • 2 baths • 1360 sqft

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This property might be a fair Long-Term investment with a projected 8.43% first-year return on $37,737 initial cash invested.

8.43%

Cash On Cash

8.89%

Cap Rate

1.37

DSCR

$1,937

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,937 income − $1,672 expenses = $265 cash flow

Income$1,937Mortgage P&I$97050%Property Taxes$1387%Insurance$603%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%Cash Flow$265

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,737

Downpayment

20%

$35,940

Closing costs

1%

$1,797

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,937

Total Expenses

$1,672

Mortgage P&I

50%

$970

Property Taxes

7%

$138

Home Insurance

3%

$60

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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