REI Lense

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$2,408 (target)

55 Huntley Ln, Midland, MI 48640

3 beds • 2 baths • 1396 sqft

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This property looks like a bad Mid-Term investment with a projected -0.11% first-year return on $66,741 initial cash invested.

-0.11%

Cash On Cash

6.92%

Cap Rate

1.07

DSCR

$2,408

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,408 income − $2,414 expenses = $6 out of pocket

Income$2,408Out of Pocket$6Mortgage P&I$1,24852%Property Taxes$26611%Insurance$823%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,741

Downpayment

20%

$46,420

Closing costs

1%

$2,321

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,408

Total Expenses

$2,414

Mortgage P&I

52%

$1,248

Property Taxes

11%

$266

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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