REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,230 (target)

2424 E Shaffer Rd, Midland, MI 48642

3 beds • 2 baths • 1894 sqft

Email

This property might be a fair Mid-Term investment with a projected 7.6% first-year return on $74,091 initial cash invested.

7.6%

Cash On Cash

8.65%

Cap Rate

1.45

DSCR

$3,230

Rent

$469

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,230 income − $2,761 expenses = $469 cash flow

Income$3,230Mortgage P&I$1,32841%Property Taxes$2397%Insurance$963%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%Cash Flow$469

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,091

Downpayment

20%

$53,420

Closing costs

1%

$2,671

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,230

Total Expenses

$2,761

Mortgage P&I

41%

$1,328

Property Taxes

7%

$239

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis