REI Lense

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$2,224 (target)

2901 Darby Ct, Midland, MI 48642

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Mid-Term investment with a projected -0.31% first-year return on $62,919 initial cash invested.

-0.31%

Cash On Cash

6.95%

Cap Rate

1.06

DSCR

$2,224

Rent

-$16

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,240 expenses = $16 out of pocket

Income$2,224Out of Pocket$16Mortgage P&I$1,16652%Property Taxes$24011%Insurance$773%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,919

Downpayment

20%

$42,780

Closing costs

1%

$2,139

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$2,240

Mortgage P&I

52%

$1,166

Property Taxes

11%

$240

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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