REI Lense

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$3,216 (target)

1710 S Hopkins St, Grand Haven, MI 49417

3 beds • 2 baths • 1755 sqft

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This property might be a fair Mid-Term investment with a projected 4.07% first-year return on $81,000 initial cash invested.

4.07%

Cash On Cash

7.85%

Cap Rate

1.26

DSCR

$3,216

Rent

$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,216 income − $2,941 expenses = $275 cash flow

Income$3,216Mortgage P&I$1,55848%Property Taxes$1846%Insurance$1053%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35411%Cash Flow$275

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,216

Total Expenses

$2,941

Mortgage P&I

48%

$1,558

Property Taxes

6%

$184

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$354

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