REI Lense

REI Lense

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$2,022 (target)

5590 N Jefferson Rd, Midland, MI 48642

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -15.27% first-year return on $94,479 initial cash invested.

-15.27%

Cash On Cash

3%

Cap Rate

0.51

DSCR

$2,022

Rent

-$1,202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,022 income − $3,224 expenses = $1,202 out of pocket

Income$2,022Out of Pocket$1,202Mortgage P&I$2,227110%Property Taxes$31416%Insurance$1588%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,479

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,022

Total Expenses

$3,224

Mortgage P&I

110%

$2,227

Property Taxes

16%

$314

Home Insurance

8%

$158

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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