REI Lense

REI Lense

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$2,608 (target)

2251 E Stewart Rd, Midland, MI 48640

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $77,157 initial cash invested.

-1.96%

Cash On Cash

5.9%

Cap Rate

0.98

DSCR

$2,608

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,157

Downpayment

20%

$56,340

Closing costs

1%

$2,817

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,608

Total Expenses

$2,734

Mortgage P&I

54%

$1,408

Property Taxes

13%

$328

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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