REI Lense

REI Lense

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$2,119 (target)

3343 Turner St, Lansing, MI 48906

3 beds • 2 baths • 1969 sqft

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This property looks like a bad Long-Term investment with a projected -2% first-year return on $46,200 initial cash invested.

-2%

Cash On Cash

6.45%

Cap Rate

1.03

DSCR

$2,119

Rent

-$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,119 income − $2,196 expenses = $77 out of pocket

Income$2,119Out of Pocket$77Mortgage P&I$1,15354%Property Taxes$41820%Insurance$743%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,119

Total Expenses

$2,196

Mortgage P&I

54%

$1,153

Property Taxes

20%

$418

Home Insurance

3%

$74

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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