REI Lense

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$3,328 (target)

5935 Stoney Point Dr, Lansing, MI 48917

3 beds • 3 baths • 1867 sqft

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This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $96,918 initial cash invested.

-3.75%

Cash On Cash

5.69%

Cap Rate

0.91

DSCR

$3,328

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,328 income − $3,631 expenses = $303 out of pocket

Income$3,328Out of Pocket$303Mortgage P&I$1,95159%Property Taxes$41412%Insurance$1354%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

|

Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,918

Downpayment

20%

$75,160

Closing costs

1%

$3,758

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,328

Total Expenses

$3,631

Mortgage P&I

59%

$1,951

Property Taxes

12%

$414

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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