REI Lense

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$1,616 (target)

623 Harriet Ave, Lansing, MI 48917

3 beds • 2 baths • 1284 sqft

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This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $42,000 initial cash invested.

-6.66%

Cash On Cash

5.72%

Cap Rate

0.86

DSCR

$1,616

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $1,849 expenses = $233 out of pocket

Income$1,616Out of Pocket$233Mortgage P&I$1,10568%Property Taxes$25316%Insurance$704%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,616

Total Expenses

$1,849

Mortgage P&I

68%

$1,105

Property Taxes

16%

$253

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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