REI Lense

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$2,404 (target)

4316 Kennilworth Dr SE, Grand Rapids, MI 49546

3 beds • 2 baths • 1835 sqft

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This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $83,244 initial cash invested.

-7.54%

Cash On Cash

4.7%

Cap Rate

0.79

DSCR

$2,404

Rent

-$523

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,404 income − $2,927 expenses = $523 out of pocket

Income$2,404Out of Pocket$523Mortgage P&I$1,95681%Property Taxes$2199%Insurance$1285%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,244

Downpayment

20%

$79,280

Closing costs

1%

$3,964

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,404

Total Expenses

$2,927

Mortgage P&I

81%

$1,956

Property Taxes

9%

$219

Home Insurance

5%

$128

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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