REI Lense

REI Lense

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$1,686 (target)

2820 Tulane Dr, Lansing, MI 48912

3 beds • 2 baths • 1596 sqft

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This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $52,290 initial cash invested.

-17.42%

Cash On Cash

2.74%

Cap Rate

0.46

DSCR

$1,686

Rent

-$759

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,686 income − $2,445 expenses = $759 out of pocket

Income$1,686Out of Pocket$759Mortgage P&I$1,24374%Property Taxes$67140%Insurance$936%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,686

Total Expenses

$2,445

Mortgage P&I

74%

$1,243

Property Taxes

40%

$671

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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