REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,986 (target)

2034 Acton Rd NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1482 sqft

Email

This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $67,830 initial cash invested.

-10.05%

Cash On Cash

4.49%

Cap Rate

0.72

DSCR

$1,986

Rent

-$568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $2,554 expenses = $568 out of pocket

Income$1,986Out of Pocket$568Mortgage P&I$1,67884%Property Taxes$24412%Insurance$1166%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$2,554

Mortgage P&I

84%

$1,678

Property Taxes

12%

$244

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis