REI Lense

REI Lense

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$1,894 (target)

5002 Natalie Ct, Midland, MI 48640

3 beds • 3 baths • 2070 sqft

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This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $67,326 initial cash invested.

-11.25%

Cash On Cash

3.92%

Cap Rate

0.66

DSCR

$1,894

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,894 income − $2,525 expenses = $631 out of pocket

Income$1,894Out of Pocket$631Mortgage P&I$1,58484%Property Taxes$33418%Insurance$1146%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,326

Downpayment

20%

$64,120

Closing costs

1%

$3,206

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,894

Total Expenses

$2,525

Mortgage P&I

84%

$1,584

Property Taxes

18%

$334

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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