REI Lense

REI Lense

$2,296 (target)

4903 E Valley Rd, Mount Pleasant, MI 48858

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 0.54% first-year return on $61,659 initial cash invested.

0.54%

Cash On Cash

7.49%

Cap Rate

1.1

DSCR

$2,296

Rent

$28

Cashflow

Cash Flow

$2,296 income − $2,268 expenses = $28 cash flow

Income$2,296P&I$1,17851%Taxes$23810%Insurance$703%Mgmt$27612%CapEx$924%Vacancy$693%Maint.$924%Other$25311%Cash Flow$28

Investment Breakdown

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Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,659

Downpayment

20%

$41,580

Closing costs

1%

$2,079

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,296

Total Expenses

$2,268

Mortgage P&I

51%

$1,178

Property Taxes

10%

$238

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

See Mount Pleasant, MI mid-term rental market →

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