REI Lense

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$3,228 (target)

1221 Whitmore Ave NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $85,830 initial cash invested.

-1.61%

Cash On Cash

6.28%

Cap Rate

1.01

DSCR

$3,228

Rent

-$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,228 income − $3,343 expenses = $115 out of pocket

Income$3,228Out of Pocket$115Mortgage P&I$1,67752%Property Taxes$45314%Insurance$1164%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,228

Total Expenses

$3,343

Mortgage P&I

52%

$1,677

Property Taxes

14%

$453

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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