REI Lense

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$2,858 (target)

4209 Chickory Ln, Lansing, MI 48910

3 beds • 2 baths • 1847 sqft

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This property might be a fair Mid-Term investment with a projected 4.54% first-year return on $63,402 initial cash invested.

4.54%

Cash On Cash

8.36%

Cap Rate

1.31

DSCR

$2,858

Rent

$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,858 income − $2,618 expenses = $240 cash flow

Income$2,858Mortgage P&I$1,15340%Property Taxes$41715%Insurance$773%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$240

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,402

Downpayment

20%

$43,240

Closing costs

1%

$2,162

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,858

Total Expenses

$2,618

Mortgage P&I

40%

$1,153

Property Taxes

15%

$417

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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