REI Lense

REI Lense

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$2,164 (target)

2129 Cleveland Ave SW, Wyoming, MI 49509

3 beds • 3 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -9.92% first-year return on $64,932 initial cash invested.

-9.92%

Cash On Cash

4.57%

Cap Rate

0.73

DSCR

$2,164

Rent

-$537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $2,701 expenses = $537 out of pocket

Income$2,164Out of Pocket$537Mortgage P&I$1,60674%Property Taxes$42320%Insurance$1105%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,932

Downpayment

20%

$61,840

Closing costs

1%

$3,092

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,164

Total Expenses

$2,701

Mortgage P&I

74%

$1,606

Property Taxes

20%

$423

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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