REI Lense

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$2,637 (target)

2401 Shawnee Trl, Okemos, MI 48864

3 beds • 2 baths • 2086 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $89,400 initial cash invested.

-5.91%

Cash On Cash

4.74%

Cap Rate

0.8

DSCR

$2,637

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,637 income − $3,077 expenses = $440 out of pocket

Income$2,637Out of Pocket$440Mortgage P&I$1,67864%Property Taxes$38515%Insurance$1195%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

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

$2,637

Total Expenses

$3,077

Mortgage P&I

64%

$1,678

Property Taxes

15%

$385

Home Insurance

5%

$119

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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