REI Lense

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$1,641 (target)

1113 E Chippewa River Rd, Midland, MI 48640

3 beds • 2 baths • 2045 sqft

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This property looks like a bad Long-Term investment with a projected -9.76% first-year return on $60,879 initial cash invested.

-9.76%

Cash On Cash

4.19%

Cap Rate

0.71

DSCR

$1,641

Rent

-$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,641

Total Expenses

$2,136

Mortgage P&I

87%

$1,426

Property Taxes

11%

$182

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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