REI Lense

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$2,066 (target)

702 4th St, Wyandotte, MI 48192

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $66,300 initial cash invested.

-4.42%

Cash On Cash

5.84%

Cap Rate

0.87

DSCR

$2,066

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $2,310 expenses = $244 out of pocket

Income$2,066Out of Pocket$244Mortgage P&I$1,28062%Property Taxes$24712%Insurance$804%Management$24812%CapEx$834%Vacancy$623%Maintenance$834%Other$22711%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,066

Total Expenses

$2,310

Mortgage P&I

62%

$1,280

Property Taxes

12%

$247

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$248

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$227

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