REI Lense

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$2,384 (target)

5738 Blaine Ave SE, Kentwood, MI 49508

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $67,578 initial cash invested.

-7.46%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$2,384

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,384 income − $2,804 expenses = $420 out of pocket

Income$2,384Out of Pocket$420Mortgage P&I$1,63769%Property Taxes$43318%Insurance$1155%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,578

Downpayment

20%

$64,360

Closing costs

1%

$3,218

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,384

Total Expenses

$2,804

Mortgage P&I

69%

$1,637

Property Taxes

18%

$433

Home Insurance

5%

$115

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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