REI Lense

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$3,501 (target)

5951 Brookridge Ct SE, Kentwood, MI 49508

3 beds • 2 baths • 2080 sqft

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This property might be a fair Mid-Term investment with a projected 0.69% first-year return on $88,938 initial cash invested.

0.69%

Cash On Cash

6.79%

Cap Rate

1.11

DSCR

$3,501

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,501 income − $3,450 expenses = $51 cash flow

Income$3,501Mortgage P&I$1,72049%Property Taxes$41912%Insurance$1213%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$51

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,938

Downpayment

20%

$67,560

Closing costs

1%

$3,378

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,501

Total Expenses

$3,450

Mortgage P&I

49%

$1,720

Property Taxes

12%

$419

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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