REI Lense

REI Lense

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$2,532 (target)

3509 Bobcat Ct, Midland, MI 48642

3 beds • 2 baths • 1326 sqft

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This property looks like a bad Mid-Term investment with a projected -6.64% first-year return on $89,463 initial cash invested.

-6.64%

Cash On Cash

4.67%

Cap Rate

0.77

DSCR

$2,532

Rent

-$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,532 income − $3,027 expenses = $495 out of pocket

Income$2,532Out of Pocket$495Mortgage P&I$1,71868%Property Taxes$32613%Insurance$1225%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,463

Downpayment

20%

$68,060

Closing costs

1%

$3,403

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,532

Total Expenses

$3,027

Mortgage P&I

68%

$1,718

Property Taxes

13%

$326

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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