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$2,912 (target)

4220 Marys Way, Lansing, MI 48917

3 beds • 2 baths • 1688 sqft

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This property might be a fair Mid-Term investment with a projected 2.79% first-year return on $70,878 initial cash invested.

2.79%

Cash On Cash

7.43%

Cap Rate

1.22

DSCR

$2,912

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,912 income − $2,747 expenses = $165 cash flow

Income$2,912Mortgage P&I$1,27844%Property Taxes$38813%Insurance$933%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%Cash Flow$165

Investment Breakdown

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Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,878

Downpayment

20%

$50,360

Closing costs

1%

$2,518

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,912

Total Expenses

$2,747

Mortgage P&I

44%

$1,278

Property Taxes

13%

$388

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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