REI Lense

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$3,180 (target)

2214 Lynn Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1684 sqft

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This property might be a fair Mid-Term investment with a projected 1.06% first-year return on $89,400 initial cash invested.

1.06%

Cash On Cash

6.78%

Cap Rate

1.12

DSCR

$3,180

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,180 income − $3,101 expenses = $79 cash flow

Income$3,180Mortgage P&I$1,71454%Property Taxes$1876%Insurance$1194%Management$38212%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%Cash Flow$79

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,180

Total Expenses

$3,101

Mortgage P&I

54%

$1,714

Property Taxes

6%

$187

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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