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$3,246 (target)

2129 Cleveland Ave SW, Wyoming, MI 49509

3 beds • 3 baths • 1592 sqft

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This property might be a fair Mid-Term investment with a projected 0.04% first-year return on $82,932 initial cash invested.

0.04%

Cash On Cash

6.75%

Cap Rate

1.08

DSCR

$3,246

Rent

$3

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,246 income − $3,243 expenses = $3 cash flow

Income$3,246Mortgage P&I$1,60649%Property Taxes$42313%Insurance$1103%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%Cash Flow$3

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,932

Downpayment

20%

$61,840

Closing costs

1%

$3,092

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,246

Total Expenses

$3,243

Mortgage P&I

49%

$1,606

Property Taxes

13%

$423

Home Insurance

3%

$110

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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