REI Lense

REI Lense

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$1,503 (target)

708 Cypress St, Midland, MI 48642

3 beds • 2 baths • 1331 sqft

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This property looks like a bad Long-Term investment with a projected -6.23% first-year return on $40,089 initial cash invested.

-6.23%

Cash On Cash

5.71%

Cap Rate

0.87

DSCR

$1,503

Rent

-$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,503 income − $1,711 expenses = $208 out of pocket

Income$1,503Out of Pocket$208Mortgage P&I$1,04269%Property Taxes$21114%Insurance$685%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,089

Downpayment

20%

$38,180

Closing costs

1%

$1,909

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,503

Total Expenses

$1,711

Mortgage P&I

69%

$1,042

Property Taxes

14%

$211

Home Insurance

5%

$68

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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