REI Lense

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$2,996 (target)

128 Burt St SE, Wyoming, MI 49548

3 beds • 2 baths • 1232 sqft

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This property might be a fair Mid-Term investment with a projected 4.19% first-year return on $74,679 initial cash invested.

4.19%

Cash On Cash

8.09%

Cap Rate

1.26

DSCR

$2,996

Rent

$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,996 income − $2,735 expenses = $261 cash flow

Income$2,996Mortgage P&I$1,43848%Property Taxes$1816%Insurance$963%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$261

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,996

Total Expenses

$2,735

Mortgage P&I

48%

$1,438

Property Taxes

6%

$181

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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