REI Lense

REI Lense

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$2,045 (target)

15949 Brucker St, Grand Haven, MI 49417

3 beds • 2 baths • 1901 sqft

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This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $76,944 initial cash invested.

-12.13%

Cash On Cash

3.91%

Cap Rate

0.64

DSCR

$2,045

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,045 income − $2,823 expenses = $778 out of pocket

Income$2,045Out of Pocket$778Mortgage P&I$1,87191%Property Taxes$28814%Insurance$1337%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,944

Downpayment

20%

$73,280

Closing costs

1%

$3,664

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$2,823

Mortgage P&I

91%

$1,871

Property Taxes

14%

$288

Home Insurance

7%

$133

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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