REI Lense

REI Lense

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$2,505 (target)

1548 Rossman Ave SE, Grand Rapids, MI 49507

3 beds • 3 baths • 1778 sqft

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This property looks like a bad Long-Term investment with a projected -4.61% first-year return on $66,423 initial cash invested.

-4.61%

Cash On Cash

5.87%

Cap Rate

0.92

DSCR

$2,505

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,505 income − $2,760 expenses = $255 out of pocket

Income$2,505Out of Pocket$255Mortgage P&I$1,67667%Property Taxes$32213%Insurance$1124%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,423

Downpayment

20%

$63,260

Closing costs

1%

$3,163

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,505

Total Expenses

$2,760

Mortgage P&I

67%

$1,676

Property Taxes

13%

$322

Home Insurance

4%

$112

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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