REI Lense

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$3,356 (target)

2053 7th St NW, Grand Rapids, MI 49504

3 beds • 2 baths • 2165 sqft

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This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $99,942 initial cash invested.

-2.35%

Cash On Cash

5.78%

Cap Rate

0.97

DSCR

$3,356

Rent

-$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,356 income − $3,552 expenses = $196 out of pocket

Income$3,356Out of Pocket$196Mortgage P&I$1,94058%Property Taxes$33110%Insurance$1404%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,942

Downpayment

20%

$78,040

Closing costs

1%

$3,902

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,356

Total Expenses

$3,552

Mortgage P&I

58%

$1,940

Property Taxes

10%

$331

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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