REI Lense

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$4,628 (target)

5892 Powderhorn Ct SW, Wyoming, MI 49418

3 beds • 4 baths • 2464 sqft

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This property might be a fair Mid-Term investment with a projected 1.7% first-year return on $110k initial cash invested.

1.7%

Cash On Cash

7.16%

Cap Rate

1.15

DSCR

$4,628

Rent

$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,628 income − $4,472 expenses = $156 cash flow

Income$4,628Mortgage P&I$2,28549%Property Taxes$4359%Insurance$1543%HOA$251%Management$55512%CapEx$1854%Vacancy$1393%Maintenance$1854%Other$50911%Cash Flow$156

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,628

Total Expenses

$4,472

Mortgage P&I

49%

$2,285

Property Taxes

9%

$435

Home Insurance

3%

$154

HOA

1%

$25

Property Management

12%

$555

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$509

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