REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

3430 Eastridge Ct NE, Grand Rapids, MI 49525

4 beds • 3 baths • 2886 sqft

Email

This property looks like a bad Airbnb investment with a projected -11.48% first-year return on $138k initial cash invested.

-11.48%

Cash On Cash

3.41%

Cap Rate

0.57

DSCR

$3,811

Rent

-$1,317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$541k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$108k

Closing costs

1%

$5,412

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$3,811

Total Expenses

$5,128

Mortgage P&I

71%

$2,701

Property Taxes

11%

$401

Home Insurance

5%

$184

HOA

0%

$13

Property Management

15%

$572

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$953

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Eastown Luxe

$6,167

$327

4

2

2.94 mi

Cutest 3 bed home near East Grand Rapids

$9,787

$519

3

1.5

2.38 mi

City Charmer With A Modern Twist

$6,770

$359

4

1.5

2.85 mi

Craftsman off Medical Mile

$3,319

$176

4

1.5

3.22 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis