REI Lense

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$3,464 (target)

14979 Canary Dr, Grand Haven, MI 49417

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $110k initial cash invested.

-3.49%

Cash On Cash

5.55%

Cap Rate

0.92

DSCR

$3,464

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $3,785 expenses = $321 out of pocket

Income$3,464Out of Pocket$321Mortgage P&I$2,21764%Property Taxes$2357%Insurance$1544%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$3,785

Mortgage P&I

64%

$2,217

Property Taxes

7%

$235

Home Insurance

4%

$154

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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