REI Lense

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$3,171 (target)

1101 Whispering Oak Dr, Midland, MI 48642

3 beds • 3 baths • 1888 sqft

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This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $97,191 initial cash invested.

-5.62%

Cash On Cash

4.88%

Cap Rate

0.82

DSCR

$3,171

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,171 income − $3,626 expenses = $455 out of pocket

Income$3,171Out of Pocket$455Mortgage P&I$1,86159%Property Taxes$55718%Insurance$1294%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

|

Purchase Price

$377k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,191

Downpayment

20%

$75,420

Closing costs

1%

$3,771

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,171

Total Expenses

$3,626

Mortgage P&I

59%

$1,861

Property Taxes

18%

$557

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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