REI Lense

REI Lense

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$3,146 (target)

2647 Manitoba Ct NE, Grand Rapids, MI 49525

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -18.69% first-year return on $185k initial cash invested.

-18.69%

Cash On Cash

1.83%

Cap Rate

0.31

DSCR

$3,146

Rent

-$2,877

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$794k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$159k

Closing costs

1%

$7,941

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,146

Total Expenses

$6,023

Mortgage P&I

126%

$3,960

Property Taxes

22%

$704

Home Insurance

9%

$289

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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