REI Lense

REI Lense

$4,000 (target)

11555 Manore Rd, Grand Rapids, OH 43522

3 beds • 2 baths • 1904 sqft

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This property could be a profitable Mid-Term investment with a projected 13.18% first-year return on $75,666 initial cash invested.

13.18%

Cash On Cash

10.9%

Cap Rate

1.66

DSCR

$4,000

Rent

$831

Cashflow

Cash Flow

$4,000 income − $3,169 expenses = $831 cash flow

Income$4,000P&I$1,50338%Taxes$2226%Insurance$842%Mgmt$48012%CapEx$1604%Vacancy$1203%Maint.$1604%Other$44011%Cash Flow$831

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,666

Downpayment

20%

$54,920

Closing costs

1%

$2,746

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$4,000

Total Expenses

$3,169

Mortgage P&I

38%

$1,503

Property Taxes

6%

$222

Home Insurance

2%

$84

HOA

0%

$0

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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