REI Lense

REI Lense

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$1,621 (target)

505 Storrs St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $48,909 initial cash invested.

-8.15%

Cash On Cash

4.76%

Cap Rate

0.79

DSCR

$1,621

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,909

Downpayment

20%

$46,580

Closing costs

1%

$2,329

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,621

Total Expenses

$1,953

Mortgage P&I

72%

$1,175

Property Taxes

15%

$247

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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