REI Lense

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$1,852 (target)

1019 Cooper Ave SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1265 sqft

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This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $47,544 initial cash invested.

-9.01%

Cash On Cash

5.06%

Cap Rate

0.78

DSCR

$1,852

Rent

-$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,852 income − $2,209 expenses = $357 out of pocket

Income$1,852Out of Pocket$357Mortgage P&I$1,21966%Property Taxes$42823%Insurance$804%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,544

Downpayment

20%

$45,280

Closing costs

1%

$2,264

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,852

Total Expenses

$2,209

Mortgage P&I

66%

$1,219

Property Taxes

23%

$428

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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