REI Lense

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$2,392 (target)

4032 Richmond St NW, Grand Rapids, MI 49534

3 beds • 3 baths • 1787 sqft

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This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $69,279 initial cash invested.

-6.96%

Cash On Cash

5.15%

Cap Rate

0.83

DSCR

$2,392

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,392 income − $2,794 expenses = $402 out of pocket

Income$2,392Out of Pocket$402Mortgage P&I$1,69771%Property Taxes$35815%Insurance$1165%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,392

Total Expenses

$2,794

Mortgage P&I

71%

$1,697

Property Taxes

15%

$358

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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