REI Lense

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$2,536 (target)

175 E Price Rd, Midland, MI 48642

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $90,597 initial cash invested.

-6.78%

Cash On Cash

4.8%

Cap Rate

0.77

DSCR

$2,536

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,536 income − $3,048 expenses = $512 out of pocket

Income$2,536Out of Pocket$512Mortgage P&I$1,79571%Property Taxes$26610%Insurance$1265%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,597

Downpayment

20%

$69,140

Closing costs

1%

$3,457

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,536

Total Expenses

$3,048

Mortgage P&I

71%

$1,795

Property Taxes

10%

$266

Home Insurance

5%

$126

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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