REI Lense

REI Lense

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$2,250 (target)

3893 Granada Ct NW, Grand Rapids, MI 49534

3 beds • 2 baths • 1518 sqft

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This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $76,629 initial cash invested.

-7.74%

Cash On Cash

4.68%

Cap Rate

0.79

DSCR

$2,250

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,250 income − $2,744 expenses = $494 out of pocket

Income$2,250Out of Pocket$494Mortgage P&I$1,80480%Property Taxes$22810%Insurance$1286%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,629

Downpayment

20%

$72,980

Closing costs

1%

$3,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,250

Total Expenses

$2,744

Mortgage P&I

80%

$1,804

Property Taxes

10%

$228

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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