REI Lense

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$2,595 (target)

3116 Manley Dr, Lansing, MI 48910

3 beds • 2 baths • 1168 sqft

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This property might be a fair Mid-Term investment with a projected 7.38% first-year return on $57,375 initial cash invested.

7.38%

Cash On Cash

9.43%

Cap Rate

1.45

DSCR

$2,595

Rent

$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,595 income − $2,242 expenses = $353 cash flow

Income$2,595Mortgage P&I$1,01739%Property Taxes$27711%Insurance$663%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$353

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,375

Downpayment

20%

$37,500

Closing costs

1%

$1,875

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,595

Total Expenses

$2,242

Mortgage P&I

39%

$1,017

Property Taxes

11%

$277

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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