REI Lense

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$2,810 (target)

723 6th St, Wyandotte, MI 48192

3 beds • 2 baths • 1441 sqft

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This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $76,779 initial cash invested.

-2.02%

Cash On Cash

6.16%

Cap Rate

0.99

DSCR

$2,810

Rent

-$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,810 income − $2,939 expenses = $129 out of pocket

Income$2,810Out of Pocket$129Mortgage P&I$1,45452%Property Taxes$43315%Insurance$983%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,810

Total Expenses

$2,939

Mortgage P&I

52%

$1,454

Property Taxes

15%

$433

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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