REI Lense

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$1,976 (target)

14275 Shiawassee Dr, Grand Haven, MI 49417

3 beds • 2 baths • 2116 sqft

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This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $82,488 initial cash invested.

-13.57%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$1,976

Rent

-$933

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,976 income − $2,909 expenses = $933 out of pocket

Income$1,976Out of Pocket$933Mortgage P&I$1,96099%Property Taxes$29015%Insurance$1447%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,488

Downpayment

20%

$78,560

Closing costs

1%

$3,928

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,976

Total Expenses

$2,909

Mortgage P&I

99%

$1,960

Property Taxes

15%

$290

Home Insurance

7%

$144

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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