REI Lense

REI Lense

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$1,999 (target)

2419 Winfield Ave SW, Wyoming, MI 49519

3 beds • 2 baths • 1406 sqft

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This property looks like a bad Long-Term investment with a projected -5.27% first-year return on $56,742 initial cash invested.

-5.27%

Cash On Cash

5.28%

Cap Rate

0.89

DSCR

$1,999

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,999 income − $2,248 expenses = $249 out of pocket

Income$1,999Out of Pocket$249Mortgage P&I$1,33867%Property Taxes$29415%Insurance$965%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,742

Downpayment

20%

$54,040

Closing costs

1%

$2,702

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,999

Total Expenses

$2,248

Mortgage P&I

67%

$1,338

Property Taxes

15%

$294

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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