REI Lense

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$2,177 (target)

423 Pine Place St SE, Grand Rapids, MI 49548

3 beds • 2 baths • 1312 sqft

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This property looks like a bad Long-Term investment with a projected -3.37% first-year return on $61,992 initial cash invested.

-3.37%

Cash On Cash

5.66%

Cap Rate

0.96

DSCR

$2,177

Rent

-$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,177 income − $2,351 expenses = $174 out of pocket

Income$2,177Out of Pocket$174Mortgage P&I$1,45767%Property Taxes$22210%Insurance$1055%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,992

Downpayment

20%

$59,040

Closing costs

1%

$2,952

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,177

Total Expenses

$2,351

Mortgage P&I

67%

$1,457

Property Taxes

10%

$222

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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