REI Lense

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$1,866 (target)

2310 Grant St, Lansing, MI 48910

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $47,250 initial cash invested.

-7.7%

Cash On Cash

5.38%

Cap Rate

0.83

DSCR

$1,866

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,866 income − $2,169 expenses = $303 out of pocket

Income$1,866Out of Pocket$303Mortgage P&I$1,21965%Property Taxes$38621%Insurance$794%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,866

Total Expenses

$2,169

Mortgage P&I

65%

$1,219

Property Taxes

21%

$386

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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