REI Lense

REI Lense

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$2,399 (target)

1846 Eastbrook St SE, Grand Rapids, MI 49508

3 beds • 2 baths • 2153 sqft

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This property looks like a bad Long-Term investment with a projected -7.69% first-year return on $81,900 initial cash invested.

-7.69%

Cash On Cash

4.77%

Cap Rate

0.79

DSCR

$2,399

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,399 income − $2,924 expenses = $525 out of pocket

Income$2,399Out of Pocket$525Mortgage P&I$1,95682%Property Taxes$2049%Insurance$1406%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,399

Total Expenses

$2,924

Mortgage P&I

82%

$1,956

Property Taxes

9%

$204

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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