REI Lense

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$2,253 (target)

3504 Kirkey Dr, Grand Blanc, MI 48439

3 beds • 3 baths • 1577 sqft

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This property might be a fair Long-Term investment with a projected 7.79% first-year return on $45,129 initial cash invested.

7.79%

Cash On Cash

8.54%

Cap Rate

1.36

DSCR

$2,253

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $1,960 expenses = $293 cash flow

Income$2,253Mortgage P&I$1,12350%Property Taxes$1768%Insurance$753%Management$22510%CapEx$1135%Vacancy$1356%Maintenance$1135%Cash Flow$293

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,253

Total Expenses

$1,960

Mortgage P&I

50%

$1,123

Property Taxes

8%

$176

Home Insurance

3%

$75

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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