REI Lense

REI Lense

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$2,523 (target)

3714 Black Creek Dr, Hudsonville, MI 49426

3 beds • 2 baths • 1840 sqft

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This property looks like a bad Mid-Term investment with a projected -7.41% first-year return on $102k initial cash invested.

-7.41%

Cash On Cash

4.28%

Cap Rate

0.73

DSCR

$2,523

Rent

-$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,523

Total Expenses

$3,153

Mortgage P&I

77%

$1,954

Property Taxes

8%

$200

Home Insurance

6%

$140

HOA

0%

$0

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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