REI Lense

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$1,941 (target)

4220 Marys Way, Lansing, MI 48917

3 beds • 2 baths • 1688 sqft

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This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $52,878 initial cash invested.

-7.31%

Cash On Cash

5.02%

Cap Rate

0.82

DSCR

$1,941

Rent

-$322

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,941 income − $2,263 expenses = $322 out of pocket

Income$1,941Out of Pocket$322Mortgage P&I$1,27866%Property Taxes$38820%Insurance$935%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,878

Downpayment

20%

$50,360

Closing costs

1%

$2,518

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,941

Total Expenses

$2,263

Mortgage P&I

66%

$1,278

Property Taxes

20%

$388

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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