REI Lense

REI Lense

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$2,415 (target)

1354 Herrick Ave NE, Grand Rapids, MI 49505

3 beds • 2 baths • 2345 sqft

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This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $69,846 initial cash invested.

-6.73%

Cash On Cash

5.08%

Cap Rate

0.84

DSCR

$2,415

Rent

-$392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,415 income − $2,807 expenses = $392 out of pocket

Income$2,415Out of Pocket$392Mortgage P&I$1,68070%Property Taxes$37916%Insurance$1195%Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,846

Downpayment

20%

$66,520

Closing costs

1%

$3,326

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,415

Total Expenses

$2,807

Mortgage P&I

70%

$1,680

Property Taxes

16%

$379

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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