REI Lense

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$1,910 (target)

1967 Francis Ave SE, Grand Rapids, MI 49507

3 beds • 3 baths • 1309 sqft

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This property looks like a bad Long-Term investment with a projected -3.43% first-year return on $60,900 initial cash invested.

-3.43%

Cash On Cash

5.61%

Cap Rate

0.95

DSCR

$1,910

Rent

-$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,910 income − $2,084 expenses = $174 out of pocket

Income$1,910Out of Pocket$174Mortgage P&I$1,43375%Property Taxes$513%Insurance$1025%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,910

Total Expenses

$2,084

Mortgage P&I

75%

$1,433

Property Taxes

3%

$51

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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