REI Lense

REI Lense

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$4,728 (target)

14 Trowbridge St NE, Grand Rapids, MI 49503

3 beds • 3 baths • 2398 sqft

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This property looks like a bad Mid-Term investment with a projected -18.16% first-year return on $220k initial cash invested.

-18.16%

Cash On Cash

1.95%

Cap Rate

0.33

DSCR

$4,728

Rent

-$3,324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$960k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$220k

Downpayment

20%

$192k

Closing costs

1%

$9,602

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,728

Total Expenses

$8,052

Mortgage P&I

99%

$4,693

Property Taxes

30%

$1,402

Home Insurance

7%

$350

HOA

0%

$0

Property Management

12%

$567

CapEx

4%

$189

Vacancy

3%

$142

Maintenance

4%

$189

Other

11%

$520

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