REI Lense

REI Lense

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$1,422 (target)

2849 State St, Saginaw, MI 48602

3 beds • 2 baths • 1998 sqft

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This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $39,396 initial cash invested.

-8.01%

Cash On Cash

5.21%

Cap Rate

0.81

DSCR

$1,422

Rent

-$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,422 income − $1,685 expenses = $263 out of pocket

Income$1,422Out of Pocket$263Mortgage P&I$1,00771%Property Taxes$24317%Insurance$665%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,396

Downpayment

20%

$37,520

Closing costs

1%

$1,876

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,422

Total Expenses

$1,685

Mortgage P&I

71%

$1,007

Property Taxes

17%

$243

Home Insurance

5%

$66

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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