REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,944 (target)

5 Robin Ct, Midland, MI 48640

3 beds • 3 baths • 2260 sqft

Email

This property looks like a bad Long-Term investment with a projected -15.46% first-year return on $73,290 initial cash invested.

-15.46%

Cash On Cash

3.26%

Cap Rate

0.53

DSCR

$1,944

Rent

-$944

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,944 income − $2,888 expenses = $944 out of pocket

Income$1,944Out of Pocket$944Mortgage P&I$1,79692%Property Taxes$46524%Insurance$1226%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,944

Total Expenses

$2,888

Mortgage P&I

92%

$1,796

Property Taxes

24%

$465

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis