REI Lense

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$1,997 (target)

128 Burt St SE, Wyoming, MI 49548

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -5.04% first-year return on $56,679 initial cash invested.

-5.04%

Cash On Cash

5.78%

Cap Rate

0.9

DSCR

$1,997

Rent

-$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,997 income − $2,235 expenses = $238 out of pocket

Income$1,997Out of Pocket$238Mortgage P&I$1,43872%Property Taxes$1819%Insurance$965%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,997

Total Expenses

$2,235

Mortgage P&I

72%

$1,438

Property Taxes

9%

$181

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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