REI Lense

REI Lense

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$2,561 (target)

219 Jackson St, Allegan, MI 49010

3 beds • 3 baths • 1622 sqft

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This property looks like a bad Long-Term investment with a projected -4.21% first-year return on $73,773 initial cash invested.

-4.21%

Cash On Cash

5.58%

Cap Rate

0.93

DSCR

$2,561

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,561 income − $2,820 expenses = $259 out of pocket

Income$2,561Out of Pocket$259Mortgage P&I$1,76569%Property Taxes$26310%Insurance$1265%Management$25610%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,773

Downpayment

20%

$70,260

Closing costs

1%

$3,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,561

Total Expenses

$2,820

Mortgage P&I

69%

$1,765

Property Taxes

10%

$263

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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