REI Lense

REI Lense

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$2,673 (target)

2238 52nd St SW, Wyoming, MI 49519

3 beds • 2 baths • 1994 sqft

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This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $80,388 initial cash invested.

-9.7%

Cash On Cash

4.51%

Cap Rate

0.74

DSCR

$2,673

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,673 income − $3,323 expenses = $650 out of pocket

Income$2,673Out of Pocket$650Mortgage P&I$1,95473%Property Taxes$53620%Insurance$1385%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,388

Downpayment

20%

$76,560

Closing costs

1%

$3,828

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,673

Total Expenses

$3,323

Mortgage P&I

73%

$1,954

Property Taxes

20%

$536

Home Insurance

5%

$138

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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