REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,588 (target)

4032 Richmond St NW, Grand Rapids, MI 49534

3 beds • 3 baths • 1787 sqft

Email

This property might be a fair Mid-Term investment with a projected 2.68% first-year return on $87,279 initial cash invested.

2.68%

Cash On Cash

7.41%

Cap Rate

1.2

DSCR

$3,588

Rent

$195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,588 income − $3,393 expenses = $195 cash flow

Income$3,588Mortgage P&I$1,69747%Property Taxes$35810%Insurance$1163%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%Cash Flow$195

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,588

Total Expenses

$3,393

Mortgage P&I

47%

$1,697

Property Taxes

10%

$358

Home Insurance

3%

$116

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis