REI Lense

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$3,196 (target)

8468 E Lippincott Blvd, Davison, MI 48423

3 beds • 2 baths • 2510 sqft

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This property might be a fair Mid-Term investment with a projected 4.4% first-year return on $76,422 initial cash invested.

4.4%

Cash On Cash

7.82%

Cap Rate

1.29

DSCR

$3,196

Rent

$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,196 income − $2,916 expenses = $280 cash flow

Income$3,196Mortgage P&I$1,40444%Property Taxes$32610%Insurance$983%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$280

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,196

Total Expenses

$2,916

Mortgage P&I

44%

$1,404

Property Taxes

10%

$326

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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