REI Lense

REI Lense

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$2,024 (target)

1712 41st St SW, Wyoming, MI 49519

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $62,979 initial cash invested.

-5.68%

Cash On Cash

5.14%

Cap Rate

0.87

DSCR

$2,024

Rent

-$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $2,322 expenses = $298 out of pocket

Income$2,024Out of Pocket$298Mortgage P&I$1,48273%Property Taxes$21010%Insurance$1055%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,024

Total Expenses

$2,322

Mortgage P&I

73%

$1,482

Property Taxes

10%

$210

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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