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$3,390 (target)

4149 Heron Ave SW, Wyoming, MI 49509

3 beds • 2 baths • 1525 sqft

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This property might be a fair Mid-Term investment with a projected 4.05% first-year return on $79,992 initial cash invested.

4.05%

Cash On Cash

7.78%

Cap Rate

1.27

DSCR

$3,390

Rent

$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,390 income − $3,120 expenses = $270 cash flow

Income$3,390Mortgage P&I$1,50945%Property Taxes$35210%Insurance$1053%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%Cash Flow$270

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,992

Downpayment

20%

$59,040

Closing costs

1%

$2,952

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,390

Total Expenses

$3,120

Mortgage P&I

45%

$1,509

Property Taxes

10%

$352

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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