REI Lense

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$1,260 (target)

923 Cawood St, Lansing, MI 48915

3 beds • 2 baths • 964 sqft

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This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $38,829 initial cash invested.

-9.86%

Cash On Cash

4.95%

Cap Rate

0.75

DSCR

$1,260

Rent

-$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,260 income − $1,579 expenses = $319 out of pocket

Income$1,260Out of Pocket$319Mortgage P&I$1,01981%Property Taxes$16713%Insurance$655%Management$12610%CapEx$635%Vacancy$766%Maintenance$635%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,260

Total Expenses

$1,579

Mortgage P&I

81%

$1,019

Property Taxes

13%

$167

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$76

Maintenance

5%

$63

Other

0%

$0

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