REI Lense

REI Lense

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$2,401 (target)

2275 E Lake Lansing Rd, East Lansing, MI 48823

3 beds • 2 baths • 1453 sqft

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This property might be a fair Long-Term investment with a projected 8.67% first-year return on $45,129 initial cash invested.

8.67%

Cash On Cash

8.87%

Cap Rate

1.39

DSCR

$2,401

Rent

$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,401

Total Expenses

$2,075

Mortgage P&I

48%

$1,142

Property Taxes

10%

$234

Home Insurance

3%

$75

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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