REI Lense

REI Lense

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$2,164 (target)

3137 Midland Rd, Saginaw, MI 48603

3 beds • 4 baths • 3434 sqft

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This property looks like a bad Long-Term investment with a projected -21.71% first-year return on $122k initial cash invested.

-21.71%

Cash On Cash

1.65%

Cap Rate

0.28

DSCR

$2,164

Rent

-$2,213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $4,377 expenses = $2,213 out of pocket

Income$2,164Out of Pocket$2,213Mortgage P&I$2,907134%Property Taxes$69432%Insurance$21410%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$583k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$117k

Closing costs

1%

$5,825

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,164

Total Expenses

$4,377

Mortgage P&I

134%

$2,907

Property Taxes

32%

$694

Home Insurance

10%

$214

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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