REI Lense

REI Lense

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$2,706 (target)

4568 Brookmeadow Ct SE, Kentwood, MI 49512

3 beds • 3 baths • 2398 sqft

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This property looks like a bad Long-Term investment with a projected -7.34% first-year return on $82,236 initial cash invested.

-7.34%

Cash On Cash

4.84%

Cap Rate

0.81

DSCR

$2,706

Rent

-$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,706 income − $3,209 expenses = $503 out of pocket

Income$2,706Out of Pocket$503Mortgage P&I$1,94772%Property Taxes$40415%Insurance$1405%HOA$151%Management$27110%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,236

Downpayment

20%

$78,320

Closing costs

1%

$3,916

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,706

Total Expenses

$3,209

Mortgage P&I

72%

$1,947

Property Taxes

15%

$404

Home Insurance

5%

$140

HOA

1%

$15

Property Management

10%

$271

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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