REI Lense

REI Lense

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$2,309 (target)

14979 Canary Dr, Grand Haven, MI 49417

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $92,379 initial cash invested.

-11.65%

Cash On Cash

3.91%

Cap Rate

0.65

DSCR

$2,309

Rent

-$897

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,309 income − $3,206 expenses = $897 out of pocket

Income$2,309Out of Pocket$897Mortgage P&I$2,21796%Property Taxes$23510%Insurance$1547%Management$23110%CapEx$1155%Vacancy$1396%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,379

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,309

Total Expenses

$3,206

Mortgage P&I

96%

$2,217

Property Taxes

10%

$235

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$139

Maintenance

5%

$115

Other

0%

$0

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