REI Lense

REI Lense

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$2,152 (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 Long-Term investment with a projected -11.57% first-year return on $67,830 initial cash invested.

-11.57%

Cash On Cash

4.2%

Cap Rate

0.67

DSCR

$2,152

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,152 income − $2,806 expenses = $654 out of pocket

Income$2,152Out of Pocket$654Mortgage P&I$1,67778%Property Taxes$45321%Insurance$1165%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,152

Total Expenses

$2,806

Mortgage P&I

78%

$1,677

Property Taxes

21%

$453

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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