REI Lense

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$1,841 (target)

746 Union Ave SE, Grand Rapids, MI 49503

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Long-Term investment with a projected -8.77% first-year return on $53,886 initial cash invested.

-8.77%

Cash On Cash

4.64%

Cap Rate

0.77

DSCR

$1,841

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,886

Downpayment

20%

$51,320

Closing costs

1%

$2,566

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,841

Total Expenses

$2,235

Mortgage P&I

70%

$1,295

Property Taxes

20%

$369

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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