REI Lense

REI Lense

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$2,496 (target)

2513 Windview St SW, Wyoming, MI 49519

3 beds • 2 baths • 1892 sqft

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This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $66,927 initial cash invested.

-5.77%

Cash On Cash

5.58%

Cap Rate

0.88

DSCR

$2,496

Rent

-$322

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $2,818 expenses = $322 out of pocket

Income$2,496Out of Pocket$322Mortgage P&I$1,67867%Property Taxes$37615%Insurance$1145%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,927

Downpayment

20%

$63,740

Closing costs

1%

$3,187

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,496

Total Expenses

$2,818

Mortgage P&I

67%

$1,678

Property Taxes

15%

$376

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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