REI Lense

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$3,422 (target)

1914 Woodward Ave SE, Grand Rapids, MI 49506

3 beds • 2 baths • 2041 sqft

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This property might be a fair Mid-Term investment with a projected 0.37% first-year return on $96,456 initial cash invested.

0.37%

Cash On Cash

6.53%

Cap Rate

1.09

DSCR

$3,422

Rent

$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,422 income − $3,392 expenses = $30 cash flow

Income$3,422Mortgage P&I$1,86555%Property Taxes$2277%Insurance$1364%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$30

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,456

Downpayment

20%

$74,720

Closing costs

1%

$3,736

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,422

Total Expenses

$3,392

Mortgage P&I

55%

$1,865

Property Taxes

7%

$227

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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