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$3,344 (target)

3519 Raven Ave SW, Wyoming, MI 49509

3 beds • 2 baths • 1563 sqft

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This property might be a fair Mid-Term investment with a projected 7.9% first-year return on $75,204 initial cash invested.

7.9%

Cash On Cash

8.83%

Cap Rate

1.46

DSCR

$3,344

Rent

$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,344 income − $2,849 expenses = $495 cash flow

Income$3,344Mortgage P&I$1,37641%Property Taxes$2407%Insurance$963%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%Cash Flow$495

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,204

Downpayment

20%

$54,480

Closing costs

1%

$2,724

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,344

Total Expenses

$2,849

Mortgage P&I

41%

$1,376

Property Taxes

7%

$240

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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