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$2,612 (target)

8240 W Saint Joe Hwy, Lansing, MI 48917

3 beds • 2 baths • 1151 sqft

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This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $78,879 initial cash invested.

-0.84%

Cash On Cash

6.44%

Cap Rate

1.03

DSCR

$2,612

Rent

-$55

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,612 income − $2,667 expenses = $55 out of pocket

Income$2,612Out of Pocket$55Mortgage P&I$1,50658%Property Taxes$1737%Insurance$1024%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,612

Total Expenses

$2,667

Mortgage P&I

58%

$1,506

Property Taxes

7%

$173

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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