REI Lense

REI Lense

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$2,260 (target)

4149 Heron Ave SW, Wyoming, MI 49509

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Long-Term investment with a projected -5.69% first-year return on $61,992 initial cash invested.

-5.69%

Cash On Cash

5.4%

Cap Rate

0.88

DSCR

$2,260

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,260 income − $2,554 expenses = $294 out of pocket

Income$2,260Out of Pocket$294Mortgage P&I$1,50967%Property Taxes$35216%Insurance$1055%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,992

Downpayment

20%

$59,040

Closing costs

1%

$2,952

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,260

Total Expenses

$2,554

Mortgage P&I

67%

$1,509

Property Taxes

16%

$352

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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