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$3,178 (target)

3343 Turner St, Lansing, MI 48906

3 beds • 2 baths • 1969 sqft

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This property might be a fair Mid-Term investment with a projected 8.47% first-year return on $64,200 initial cash invested.

8.47%

Cash On Cash

9.45%

Cap Rate

1.5

DSCR

$3,178

Rent

$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,178 income − $2,725 expenses = $453 cash flow

Income$3,178Mortgage P&I$1,15336%Property Taxes$41813%Insurance$742%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%Cash Flow$453

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,178

Total Expenses

$2,725

Mortgage P&I

36%

$1,153

Property Taxes

13%

$418

Home Insurance

2%

$74

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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