REI Lense

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$4,396 (target)

907 Whittier Dr, East Lansing, MI 48823

3 beds • 3 baths • 2264 sqft

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This property might be a fair Mid-Term investment with a projected 3.38% first-year return on $98,472 initial cash invested.

3.38%

Cash On Cash

7.47%

Cap Rate

1.23

DSCR

$4,396

Rent

$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,396 income − $4,119 expenses = $277 cash flow

Income$4,396Mortgage P&I$1,93444%Property Taxes$59313%Insurance$962%Management$52812%CapEx$1764%Vacancy$1323%Maintenance$1764%Other$48411%Cash Flow$277

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,472

Downpayment

20%

$76,640

Closing costs

1%

$3,832

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,396

Total Expenses

$4,119

Mortgage P&I

44%

$1,934

Property Taxes

13%

$593

Home Insurance

2%

$96

HOA

0%

$0

Property Management

12%

$528

CapEx

4%

$176

Vacancy

3%

$132

Maintenance

4%

$176

Other

11%

$484

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