REI Lense

REI Lense

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$3,106 (target)

3944 Lone Rd, Freeland, MI 48623

3 beds • 3 baths • 1588 sqft

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This property could be a profitable Mid-Term investment with a projected 20.3% first-year return on $51,600 initial cash invested.

20.3%

Cash On Cash

13.76%

Cap Rate

2.19

DSCR

$3,106

Rent

$873

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,600

Downpayment

20%

$32,000

Closing costs

1%

$1,600

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$3,106

Total Expenses

$2,233

Mortgage P&I

27%

$837

Property Taxes

9%

$284

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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