REI Lense

REI Lense

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$1,691 (target)

175 E Price Rd, Midland, MI 48642

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $72,597 initial cash invested.

-15.47%

Cash On Cash

3.28%

Cap Rate

0.53

DSCR

$1,691

Rent

-$936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,691 income − $2,627 expenses = $936 out of pocket

Income$1,691Out of Pocket$936Mortgage P&I$1,795106%Property Taxes$26616%Insurance$1267%Management$16910%CapEx$855%Vacancy$1016%Maintenance$855%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,597

Downpayment

20%

$69,140

Closing costs

1%

$3,457

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,691

Total Expenses

$2,627

Mortgage P&I

106%

$1,795

Property Taxes

16%

$266

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$101

Maintenance

5%

$85

Other

0%

$0

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