REI Lense

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$4,010 (target)

2238 52nd St SW, Wyoming, MI 49519

3 beds • 2 baths • 1994 sqft

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This property might be a fair Mid-Term investment with a projected 0.24% first-year return on $98,388 initial cash invested.

0.24%

Cash On Cash

6.69%

Cap Rate

1.09

DSCR

$4,010

Rent

$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,010 income − $3,990 expenses = $20 cash flow

Income$4,010Mortgage P&I$1,95449%Property Taxes$53613%Insurance$1383%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%Cash Flow$20

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,388

Downpayment

20%

$76,560

Closing costs

1%

$3,828

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,010

Total Expenses

$3,990

Mortgage P&I

49%

$1,954

Property Taxes

13%

$536

Home Insurance

3%

$138

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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