REI Lense

REI Lense

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$3,523 (target)

3037 Bluewater Ln SW, Grandville, MI 49418

3 beds • 4 baths • 2890 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $113k initial cash invested.

-9.74%

Cash On Cash

4.58%

Cap Rate

0.74

DSCR

$3,523

Rent

-$915

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,523 income − $4,438 expenses = $915 out of pocket

Income$3,523Out of Pocket$915Mortgage P&I$2,78979%Property Taxes$54215%Insurance$1925%Management$35210%CapEx$1765%Vacancy$2116%Maintenance$1765%

Investment Breakdown

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Purchase Price

$537k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$107k

Closing costs

1%

$5,369

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,523

Total Expenses

$4,438

Mortgage P&I

79%

$2,789

Property Taxes

15%

$542

Home Insurance

5%

$192

HOA

0%

$0

Property Management

10%

$352

CapEx

5%

$176

Vacancy

6%

$211

Maintenance

5%

$176

Other

0%

$0

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