REI Lense

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$2,101 (target)

2219 Lakeview Ave, Ypsilanti, MI 48198

3 beds • 2 baths • 1222 sqft

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This property might be a fair Long-Term investment with a projected 0.68% first-year return on $49,623 initial cash invested.

0.68%

Cash On Cash

6.97%

Cap Rate

1.11

DSCR

$2,101

Rent

$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,101 income − $2,073 expenses = $28 cash flow

Income$2,101Mortgage P&I$1,24059%Property Taxes$20310%Insurance$844%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%Cash Flow$28

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,623

Downpayment

20%

$47,260

Closing costs

1%

$2,363

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,101

Total Expenses

$2,073

Mortgage P&I

59%

$1,240

Property Taxes

10%

$203

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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