REI Lense

REI Lense

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$4,406 (target)

712 Layman Creek Cir, Grand Blanc, MI 48439

3 beds • 4 baths • 2925 sqft

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This property might be a fair Mid-Term investment with a projected 9.15% first-year return on $91,458 initial cash invested.

9.15%

Cash On Cash

8.88%

Cap Rate

1.51

DSCR

$4,406

Rent

$697

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,458

Downpayment

20%

$69,960

Closing costs

1%

$3,498

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,406

Total Expenses

$3,709

Mortgage P&I

39%

$1,716

Property Taxes

8%

$373

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$529

CapEx

4%

$176

Vacancy

3%

$132

Maintenance

4%

$176

Other

11%

$485

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