REI Lense

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$2,931 (target)

907 Whittier Dr, East Lansing, MI 48823

3 beds • 3 baths • 2264 sqft

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This property looks like a bad Long-Term investment with a projected -6.78% first-year return on $80,472 initial cash invested.

-6.78%

Cash On Cash

5.09%

Cap Rate

0.84

DSCR

$2,931

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $3,386 expenses = $455 out of pocket

Income$2,931Out of Pocket$455Mortgage P&I$1,93466%Property Taxes$59320%Insurance$963%Management$29310%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,472

Downpayment

20%

$76,640

Closing costs

1%

$3,832

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,931

Total Expenses

$3,386

Mortgage P&I

66%

$1,934

Property Taxes

20%

$593

Home Insurance

3%

$96

HOA

0%

$0

Property Management

10%

$293

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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