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$3,177 (target)

3783 E Kens Ln, Midland, MI 48642

3 beds • 3 baths • 2900 sqft

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This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $91,500 initial cash invested.

-2.73%

Cash On Cash

5.87%

Cap Rate

0.95

DSCR

$3,177

Rent

-$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,177 income − $3,385 expenses = $208 out of pocket

Income$3,177Out of Pocket$208Mortgage P&I$1,79356%Property Taxes$38712%Insurance$1264%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,177

Total Expenses

$3,385

Mortgage P&I

56%

$1,793

Property Taxes

12%

$387

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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