REI Lense

REI Lense

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$1,644 (target)

800 Balfour St, Midland, MI 48640

3 beds • 2 baths • 1536 sqft

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This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $51,324 initial cash invested.

-14.29%

Cash On Cash

4.03%

Cap Rate

0.61

DSCR

$1,644

Rent

-$611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $2,255 expenses = $611 out of pocket

Income$1,644Out of Pocket$611Mortgage P&I$1,35082%Property Taxes$39024%Insurance$885%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,324

Downpayment

20%

$48,880

Closing costs

1%

$2,444

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$2,255

Mortgage P&I

82%

$1,350

Property Taxes

24%

$390

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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