REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,570 (target)

2685 Northville Dr NE, Grand Rapids, MI 49525

3 beds • 3 baths • 2028 sqft

Email

This property looks like a bad Long-Term investment with a projected -6.82% first-year return on $77,910 initial cash invested.

-6.82%

Cash On Cash

5.11%

Cap Rate

0.83

DSCR

$2,570

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,570 income − $3,013 expenses = $443 out of pocket

Income$2,570Out of Pocket$443Mortgage P&I$1,89674%Property Taxes$31712%Insurance$1335%Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,910

Downpayment

20%

$74,200

Closing costs

1%

$3,710

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,570

Total Expenses

$3,013

Mortgage P&I

74%

$1,896

Property Taxes

12%

$317

Home Insurance

5%

$133

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis