REI Lense

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$3,718 (target)

2320 Diamond Ave NE, Grand Rapids, MI 49505

3 beds • 2 baths • 1047 sqft

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This property might be a fair Mid-Term investment with a projected 8.63% first-year return on $79,845 initial cash invested.

8.63%

Cash On Cash

8.98%

Cap Rate

1.49

DSCR

$3,718

Rent

$574

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,718 income − $3,144 expenses = $574 cash flow

Income$3,718Mortgage P&I$1,48040%Property Taxes$2948%Insurance$1053%Management$44612%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$40911%Cash Flow$574

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,718

Total Expenses

$3,144

Mortgage P&I

40%

$1,480

Property Taxes

8%

$294

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$446

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$409

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