REI Lense

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$2,841 (target)

5002 Natalie Ct, Midland, MI 48640

3 beds • 3 baths • 2070 sqft

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This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $85,326 initial cash invested.

-2.22%

Cash On Cash

5.76%

Cap Rate

0.97

DSCR

$2,841

Rent

-$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,841 income − $2,999 expenses = $158 out of pocket

Income$2,841Out of Pocket$158Mortgage P&I$1,58456%Property Taxes$33412%Insurance$1144%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,326

Downpayment

20%

$64,120

Closing costs

1%

$3,206

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,841

Total Expenses

$2,999

Mortgage P&I

56%

$1,584

Property Taxes

12%

$334

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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