REI Lense

REI Lense

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$1,633 (target)

3312 Fairlane St, Midland, MI 48642

3 beds • 2 baths • 2250 sqft

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This property looks like a bad Long-Term investment with a projected -9.25% first-year return on $50,442 initial cash invested.

-9.25%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$1,633

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,633 income − $2,022 expenses = $389 out of pocket

Income$1,633Out of Pocket$389Mortgage P&I$1,19973%Property Taxes$30419%Insurance$946%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,442

Downpayment

20%

$48,040

Closing costs

1%

$2,402

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,633

Total Expenses

$2,022

Mortgage P&I

73%

$1,199

Property Taxes

19%

$304

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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