REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,268 (target)

1708 Montrose St, Midland, MI 48640

3 beds • 2 baths • 1440 sqft

Email

This property might be a fair Mid-Term investment with a projected 5.46% first-year return on $57,165 initial cash invested.

5.46%

Cash On Cash

8.65%

Cap Rate

1.35

DSCR

$2,268

Rent

$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,268 income − $2,008 expenses = $260 cash flow

Income$2,268Mortgage P&I$99344%Property Taxes$1788%Insurance$663%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$24911%Cash Flow$260

Investment Breakdown

|

Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,165

Downpayment

20%

$37,300

Closing costs

1%

$1,865

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,268

Total Expenses

$2,008

Mortgage P&I

44%

$993

Property Taxes

8%

$178

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$249

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis