REI Lense

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$1,770 (target)

3101 E Frederick St, Midland, MI 48640

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Long-Term investment with a projected -6.27% first-year return on $49,014 initial cash invested.

-6.27%

Cash On Cash

5.68%

Cap Rate

0.87

DSCR

$1,770

Rent

-$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,770 income − $2,026 expenses = $256 out of pocket

Income$1,770Out of Pocket$256Mortgage P&I$1,27272%Property Taxes$21112%Insurance$845%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,014

Downpayment

20%

$46,680

Closing costs

1%

$2,334

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,770

Total Expenses

$2,026

Mortgage P&I

72%

$1,272

Property Taxes

12%

$211

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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