REI Lense

REI Lense

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$2,021 (target)

3404 15th St, Wyandotte, MI 48192

3 beds • 2 baths • 1123 sqft

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This property might be a fair Long-Term investment with a projected 8.35% first-year return on $39,396 initial cash invested.

8.35%

Cash On Cash

8.97%

Cap Rate

1.37

DSCR

$2,021

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,021 income − $1,747 expenses = $274 cash flow

Income$2,021Mortgage P&I$1,02751%Property Taxes$1316%Insurance$643%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%Cash Flow$274

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,396

Downpayment

20%

$37,520

Closing costs

1%

$1,876

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,021

Total Expenses

$1,747

Mortgage P&I

51%

$1,027

Property Taxes

6%

$131

Home Insurance

3%

$64

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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