REI Lense

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$2,916 (target)

5 Robin Ct, Midland, MI 48640

3 beds • 3 baths • 2260 sqft

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This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $91,290 initial cash invested.

-6.03%

Cash On Cash

5%

Cap Rate

0.81

DSCR

$2,916

Rent

-$459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $3,375 expenses = $459 out of pocket

Income$2,916Out of Pocket$459Mortgage P&I$1,79662%Property Taxes$46516%Insurance$1224%Management$35012%CapEx$1174%Vacancy$873%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,916

Total Expenses

$3,375

Mortgage P&I

62%

$1,796

Property Taxes

16%

$465

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$87

Maintenance

4%

$117

Other

11%

$321

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