REI Lense

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$3,591 (target)

5080 Rum Creek Ct SE, Kentwood, MI 49508

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 0.13% first-year return on $99,690 initial cash invested.

0.13%

Cash On Cash

6.47%

Cap Rate

1.08

DSCR

$3,591

Rent

$11

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,591 income − $3,580 expenses = $11 cash flow

Income$3,591Mortgage P&I$1,94154%Property Taxes$2818%Insurance$1364%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%Cash Flow$11

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,591

Total Expenses

$3,580

Mortgage P&I

54%

$1,941

Property Taxes

8%

$281

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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