REI Lense

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$1,961 (target)

450 Burton St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1632 sqft

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This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $71,547 initial cash invested.

-10.87%

Cash On Cash

3.99%

Cap Rate

0.67

DSCR

$1,961

Rent

-$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,961 income − $2,609 expenses = $648 out of pocket

Income$1,961Out of Pocket$648Mortgage P&I$1,68286%Property Taxes$29815%Insurance$1196%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,547

Downpayment

20%

$68,140

Closing costs

1%

$3,407

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,961

Total Expenses

$2,609

Mortgage P&I

86%

$1,682

Property Taxes

15%

$298

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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