REI Lense

REI Lense

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$2,153 (target)

2424 E Shaffer Rd, Midland, MI 48642

3 beds • 2 baths • 1894 sqft

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This property looks like a bad Long-Term investment with a projected -1.5% first-year return on $56,091 initial cash invested.

-1.5%

Cash On Cash

6.14%

Cap Rate

1.03

DSCR

$2,153

Rent

-$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,153 income − $2,223 expenses = $70 out of pocket

Income$2,153Out of Pocket$70Mortgage P&I$1,32862%Property Taxes$23911%Insurance$964%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,091

Downpayment

20%

$53,420

Closing costs

1%

$2,671

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,153

Total Expenses

$2,223

Mortgage P&I

62%

$1,328

Property Taxes

11%

$239

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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