REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,450 (target)

3312 Fairlane St, Midland, MI 48642

3 beds • 2 baths • 2250 sqft

Email

This property might be a fair Mid-Term investment with a projected 0.33% first-year return on $68,442 initial cash invested.

0.33%

Cash On Cash

6.57%

Cap Rate

1.1

DSCR

$2,450

Rent

$19

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,450 income − $2,431 expenses = $19 cash flow

Income$2,450Mortgage P&I$1,19949%Property Taxes$30412%Insurance$944%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$19

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,442

Downpayment

20%

$48,040

Closing costs

1%

$2,402

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,450

Total Expenses

$2,431

Mortgage P&I

49%

$1,199

Property Taxes

12%

$304

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis