REI Lense

REI Lense

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$1,476 (target)

2822 Risdale Ave, Lansing, MI 48911

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $48,993 initial cash invested.

-13.99%

Cash On Cash

3.85%

Cap Rate

0.6

DSCR

$1,476

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,476 income − $2,047 expenses = $571 out of pocket

Income$1,476Out of Pocket$571Mortgage P&I$1,24584%Property Taxes$33423%Insurance$836%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,993

Downpayment

20%

$46,660

Closing costs

1%

$2,333

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,476

Total Expenses

$2,047

Mortgage P&I

84%

$1,245

Property Taxes

23%

$334

Home Insurance

6%

$83

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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