REI Lense

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$2,144 (target)

1710 S Hopkins St, Grand Haven, MI 49417

3 beds • 2 baths • 1755 sqft

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This property looks like a bad Long-Term investment with a projected -4.95% first-year return on $63,000 initial cash invested.

-4.95%

Cash On Cash

5.62%

Cap Rate

0.9

DSCR

$2,144

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,144 income − $2,404 expenses = $260 out of pocket

Income$2,144Out of Pocket$260Mortgage P&I$1,55873%Property Taxes$1849%Insurance$1055%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,144

Total Expenses

$2,404

Mortgage P&I

73%

$1,558

Property Taxes

9%

$184

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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