REI Lense

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$5,284 (target)

3037 Bluewater Ln SW, Grandville, MI 49418

3 beds • 4 baths • 2890 sqft

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This property looks like a bad Mid-Term investment with a projected -0.32% first-year return on $131k initial cash invested.

-0.32%

Cash On Cash

6.63%

Cap Rate

1.06

DSCR

$5,284

Rent

-$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,284 income − $5,319 expenses = $35 out of pocket

Income$5,284Out of Pocket$35Mortgage P&I$2,78953%Property Taxes$54210%Insurance$1924%Management$63412%CapEx$2114%Vacancy$1593%Maintenance$2114%Other$58111%

Investment Breakdown

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Purchase Price

$537k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$107k

Closing costs

1%

$5,369

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,284

Total Expenses

$5,319

Mortgage P&I

53%

$2,789

Property Taxes

10%

$542

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$634

CapEx

4%

$211

Vacancy

3%

$159

Maintenance

4%

$211

Other

11%

$581

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