REI Lense

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$3,585 (target)

1925 Emerald Ave NE, Grand Rapids, MI 49505

3 beds • 2 baths • 2213 sqft

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This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $93,390 initial cash invested.

-0.15%

Cash On Cash

6.43%

Cap Rate

1.07

DSCR

$3,585

Rent

-$12

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,585 income − $3,597 expenses = $12 out of pocket

Income$3,585Out of Pocket$12Mortgage P&I$1,79250%Property Taxes$45913%Insurance$1284%Management$43012%CapEx$1434%Vacancy$1083%Maintenance$1434%Other$39411%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,585

Total Expenses

$3,597

Mortgage P&I

50%

$1,792

Property Taxes

13%

$459

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$430

CapEx

4%

$143

Vacancy

3%

$108

Maintenance

4%

$143

Other

11%

$394

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