REI Lense

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$3,590 (target)

38 E Beltline Ave SE, Grand Rapids, MI 49506

3 beds • 2 baths • 1939 sqft

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This property might be a fair Mid-Term investment with a projected 0.16% first-year return on $103k initial cash invested.

0.16%

Cash On Cash

6.44%

Cap Rate

1.08

DSCR

$3,590

Rent

$14

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $3,576 expenses = $14 cash flow

Income$3,590Mortgage P&I$2,01456%Property Taxes$1955%Insurance$1454%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%Cash Flow$14

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,940

Closing costs

1%

$4,047

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$3,576

Mortgage P&I

56%

$2,014

Property Taxes

5%

$195

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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