REI Lense

REI Lense

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$2,214 (target)

2822 Risdale Ave, Lansing, MI 48911

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $66,993 initial cash invested.

-3.62%

Cash On Cash

5.82%

Cap Rate

0.91

DSCR

$2,214

Rent

-$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,214 income − $2,416 expenses = $202 out of pocket

Income$2,214Out of Pocket$202Mortgage P&I$1,24556%Property Taxes$33415%Insurance$834%Management$26612%CapEx$894%Vacancy$663%Maintenance$894%Other$24411%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,993

Downpayment

20%

$46,660

Closing costs

1%

$2,333

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,214

Total Expenses

$2,416

Mortgage P&I

56%

$1,245

Property Taxes

15%

$334

Home Insurance

4%

$83

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$66

Maintenance

4%

$89

Other

11%

$244

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