REI Lense

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$3,068 (target)

15949 Brucker St, Grand Haven, MI 49417

3 beds • 2 baths • 1901 sqft

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This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $94,944 initial cash invested.

-3.37%

Cash On Cash

5.66%

Cap Rate

0.92

DSCR

$3,068

Rent

-$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,068 income − $3,335 expenses = $267 out of pocket

Income$3,068Out of Pocket$267Mortgage P&I$1,87161%Property Taxes$2889%Insurance$1334%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33711%

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,944

Downpayment

20%

$73,280

Closing costs

1%

$3,664

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$3,335

Mortgage P&I

61%

$1,871

Property Taxes

9%

$288

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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