REI Lense

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$4,006 (target)

308 Gunson St, East Lansing, MI 48823

3 beds • 2 baths • 1403 sqft

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This property might be a fair Mid-Term investment with a projected 2.33% first-year return on $83,835 initial cash invested.

2.33%

Cash On Cash

7.27%

Cap Rate

1.21

DSCR

$4,006

Rent

$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,006 income − $3,843 expenses = $163 cash flow

Income$4,006Mortgage P&I$1,57539%Property Taxes$77519%Insurance$1313%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%Cash Flow$163

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,006

Total Expenses

$3,843

Mortgage P&I

39%

$1,575

Property Taxes

19%

$775

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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