REI Lense

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$1,972 (target)

3320 N Sturgeon Rd, Midland, MI 48642

3 beds • 3 baths • 2012 sqft

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This property looks like a bad Long-Term investment with a projected -3.34% first-year return on $61,740 initial cash invested.

-3.34%

Cash On Cash

5.69%

Cap Rate

0.95

DSCR

$1,972

Rent

-$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,972 income − $2,144 expenses = $172 out of pocket

Income$1,972Out of Pocket$172Mortgage P&I$1,46774%Property Taxes$613%Insurance$1035%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,972

Total Expenses

$2,144

Mortgage P&I

74%

$1,467

Property Taxes

3%

$61

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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