REI Lense

REI Lense

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$2,208 (target)

3923 Jupiter Ave NE, Grand Rapids, MI 49525

3 beds • 3 baths • 1773 sqft

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This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $69,846 initial cash invested.

-8.83%

Cash On Cash

4.51%

Cap Rate

0.76

DSCR

$2,208

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,208 income − $2,722 expenses = $514 out of pocket

Income$2,208Out of Pocket$514Mortgage P&I$1,65475%Property Taxes$37617%Insurance$1195%Management$22110%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,846

Downpayment

20%

$66,520

Closing costs

1%

$3,326

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,208

Total Expenses

$2,722

Mortgage P&I

75%

$1,654

Property Taxes

17%

$376

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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