REI Lense

REI Lense

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$2,378 (target)

2304 Brookfarm Ct SE, Kentwood, MI 49508

3 beds • 2 baths • 1524 sqft

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This property looks like a bad Long-Term investment with a projected -5.86% first-year return on $74,550 initial cash invested.

-5.86%

Cash On Cash

5.14%

Cap Rate

0.86

DSCR

$2,378

Rent

-$364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,378 income − $2,742 expenses = $364 out of pocket

Income$2,378Out of Pocket$364Mortgage P&I$1,76674%Property Taxes$23310%Insurance$1245%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,378

Total Expenses

$2,742

Mortgage P&I

74%

$1,766

Property Taxes

10%

$233

Home Insurance

5%

$124

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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