REI Lense

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$2,947 (target)

3345 Jumping Jack Ct NE, Grand Rapids, MI 49525

3 beds • 3 baths • 3015 sqft

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This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $155k initial cash invested.

-19.86%

Cash On Cash

2.1%

Cap Rate

0.35

DSCR

$2,947

Rent

-$2,572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$740k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$148k

Closing costs

1%

$7,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,947

Total Expenses

$5,519

Mortgage P&I

126%

$3,718

Property Taxes

20%

$596

Home Insurance

9%

$259

HOA

6%

$180

Property Management

10%

$295

CapEx

5%

$147

Vacancy

6%

$177

Maintenance

5%

$147

Other

0%

$0

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