REI Lense

REI Lense

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$1,807 (target)

736 Cass Ave SE, Grand Rapids, MI 49503

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Long-Term investment with a projected -4.74% first-year return on $56,952 initial cash invested.

-4.74%

Cash On Cash

5.39%

Cap Rate

0.9

DSCR

$1,807

Rent

-$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,807 income − $2,032 expenses = $225 out of pocket

Income$1,807Out of Pocket$225Mortgage P&I$1,35375%Property Taxes$1146%Insurance$965%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,952

Downpayment

20%

$54,240

Closing costs

1%

$2,712

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,807

Total Expenses

$2,032

Mortgage P&I

75%

$1,353

Property Taxes

6%

$114

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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