REI Lense

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$2,248 (target)

3224 Continental Dr, Lansing, MI 48911

3 beds • 2 baths • 1046 sqft

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This property might be a fair Mid-Term investment with a projected 1.81% first-year return on $59,790 initial cash invested.

1.81%

Cash On Cash

7.62%

Cap Rate

1.17

DSCR

$2,248

Rent

$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $2,158 expenses = $90 cash flow

Income$2,248Mortgage P&I$1,08348%Property Taxes$24111%Insurance$703%Management$27012%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%Cash Flow$90

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,248

Total Expenses

$2,158

Mortgage P&I

48%

$1,083

Property Taxes

11%

$241

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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