REI Lense

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$5,866 (target)

835 Winn Lake Dr, Lapeer, MI 48446

3 beds • 2 baths • 3719 sqft

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This property could be a profitable Mid-Term investment with a projected 13.78% first-year return on $108k initial cash invested.

13.78%

Cash On Cash

10.13%

Cap Rate

1.69

DSCR

$5,866

Rent

$1,236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$427k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,400

Closing costs

1%

$4,270

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,866

Total Expenses

$4,630

Mortgage P&I

36%

$2,134

Property Taxes

5%

$293

Home Insurance

3%

$175

HOA

1%

$33

Property Management

12%

$704

CapEx

4%

$235

Vacancy

3%

$176

Maintenance

4%

$235

Other

11%

$645

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