REI Lense

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$2,911 (target)

5131 Grand River Dr NE, Grand Rapids, MI 49525

3 beds • 2 baths • 1502 sqft

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This property could be a profitable Long-Term investment with a projected 16.52% first-year return on $46,410 initial cash invested.

16.52%

Cash On Cash

10.71%

Cap Rate

1.66

DSCR

$2,911

Rent

$639

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,911 income − $2,272 expenses = $639 cash flow

Income$2,911Mortgage P&I$1,18741%Property Taxes$2509%Insurance$773%Management$29110%CapEx$1465%Vacancy$1756%Maintenance$1465%Cash Flow$639

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,410

Downpayment

20%

$44,200

Closing costs

1%

$2,210

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,911

Total Expenses

$2,272

Mortgage P&I

41%

$1,187

Property Taxes

9%

$250

Home Insurance

3%

$77

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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