REI Lense

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$2,352 (target)

3221 Sunnylane, Lansing, MI 48906

3 beds • 2 baths • 1451 sqft

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This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $63,864 initial cash invested.

-2.01%

Cash On Cash

6.39%

Cap Rate

0.99

DSCR

$2,352

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,352 income − $2,459 expenses = $107 out of pocket

Income$2,352Out of Pocket$107Mortgage P&I$1,17650%Property Taxes$40917%Insurance$743%Management$28212%CapEx$944%Vacancy$713%Maintenance$944%Other$25911%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,864

Downpayment

20%

$43,680

Closing costs

1%

$2,184

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,352

Total Expenses

$2,459

Mortgage P&I

50%

$1,176

Property Taxes

17%

$409

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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