REI Lense

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$3,304 (target)

1143 Hazen St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1447 sqft

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This property might be a fair Mid-Term investment with a projected 6.7% first-year return on $75,918 initial cash invested.

6.7%

Cash On Cash

8.41%

Cap Rate

1.4

DSCR

$3,304

Rent

$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,304 income − $2,880 expenses = $424 cash flow

Income$3,304Mortgage P&I$1,37742%Property Taxes$2849%Insurance$973%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%Cash Flow$424

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,918

Downpayment

20%

$55,160

Closing costs

1%

$2,758

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,304

Total Expenses

$2,880

Mortgage P&I

42%

$1,377

Property Taxes

9%

$284

Home Insurance

3%

$97

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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