REI Lense

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$3,178 (target)

270 Lenora Ave NW, Grand Rapids, MI 49504

3 beds • 2 baths • 2173 sqft

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This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $101k initial cash invested.

-6.21%

Cash On Cash

5.03%

Cap Rate

0.81

DSCR

$3,178

Rent

-$521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,178 income − $3,699 expenses = $521 out of pocket

Income$3,178Out of Pocket$521Mortgage P&I$2,04564%Property Taxes$43414%Insurance$1404%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,780

Closing costs

1%

$3,939

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,178

Total Expenses

$3,699

Mortgage P&I

64%

$2,045

Property Taxes

14%

$434

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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