REI Lense

REI Lense

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$1,739 (target)

2251 E Stewart Rd, Midland, MI 48640

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -11.38% first-year return on $59,157 initial cash invested.

-11.38%

Cash On Cash

3.98%

Cap Rate

0.66

DSCR

$1,739

Rent

-$561

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

$59,157

Downpayment

20%

$56,340

Closing costs

1%

$2,817

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,739

Total Expenses

$2,300

Mortgage P&I

81%

$1,408

Property Taxes

19%

$328

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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