REI Lense

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$1,709 (target)

2918 Saint Marys Dr, Midland, MI 48640

3 beds • 2 baths • 2208 sqft

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This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $57,834 initial cash invested.

-10.13%

Cash On Cash

4.18%

Cap Rate

0.7

DSCR

$1,709

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,197 expenses = $488 out of pocket

Income$1,709Out of Pocket$488Mortgage P&I$1,36280%Property Taxes$29317%Insurance$986%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,834

Downpayment

20%

$55,080

Closing costs

1%

$2,754

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,197

Mortgage P&I

80%

$1,362

Property Taxes

17%

$293

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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