REI Lense

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$2,998 (target)

2419 Winfield Ave SW, Wyoming, MI 49519

3 beds • 2 baths • 1406 sqft

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This property might be a fair Mid-Term investment with a projected 4.01% first-year return on $74,742 initial cash invested.

4.01%

Cash On Cash

7.59%

Cap Rate

1.28

DSCR

$2,998

Rent

$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,998 income − $2,748 expenses = $250 cash flow

Income$2,998Mortgage P&I$1,33845%Property Taxes$29410%Insurance$963%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$250

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,742

Downpayment

20%

$54,040

Closing costs

1%

$2,702

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,998

Total Expenses

$2,748

Mortgage P&I

45%

$1,338

Property Taxes

10%

$294

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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