REI Lense

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$2,229 (target)

3519 Raven Ave SW, Wyoming, MI 49509

3 beds • 2 baths • 1563 sqft

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This property looks like a bad Long-Term investment with a projected -1.3% first-year return on $57,204 initial cash invested.

-1.3%

Cash On Cash

6.28%

Cap Rate

1.04

DSCR

$2,229

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $2,291 expenses = $62 out of pocket

Income$2,229Out of Pocket$62Mortgage P&I$1,37662%Property Taxes$24011%Insurance$964%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,204

Downpayment

20%

$54,480

Closing costs

1%

$2,724

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,229

Total Expenses

$2,291

Mortgage P&I

62%

$1,376

Property Taxes

11%

$240

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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