REI Lense

REI Lense

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$3,085 (target)

5892 Powderhorn Ct SW, Wyoming, MI 49418

3 beds • 4 baths • 2464 sqft

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This property looks like a bad Long-Term investment with a projected -7.99% first-year return on $92,379 initial cash invested.

-7.99%

Cash On Cash

4.98%

Cap Rate

0.8

DSCR

$3,085

Rent

-$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,085 income − $3,700 expenses = $615 out of pocket

Income$3,085Out of Pocket$615Mortgage P&I$2,28574%Property Taxes$43514%Insurance$1545%HOA$251%Management$30810%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,379

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,085

Total Expenses

$3,700

Mortgage P&I

74%

$2,285

Property Taxes

14%

$435

Home Insurance

5%

$154

HOA

1%

$25

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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