REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,033 (target)

5590 N Jefferson Rd, Midland, MI 48642

3 beds • 2 baths • 1400 sqft

Email

This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $112k initial cash invested.

-7.44%

Cash On Cash

4.4%

Cap Rate

0.74

DSCR

$3,033

Rent

-$697

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,033 income − $3,730 expenses = $697 out of pocket

Income$3,033Out of Pocket$697Mortgage P&I$2,22773%Property Taxes$31410%Insurance$1585%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,033

Total Expenses

$3,730

Mortgage P&I

73%

$2,227

Property Taxes

10%

$314

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis