REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,393 (target)

749 Lockwood St NE, Grand Rapids, MI 49503

3 beds • 2 baths • 1475 sqft

Email

This property might be a fair Mid-Term investment with a projected 6.37% first-year return on $81,777 initial cash invested.

6.37%

Cash On Cash

8.25%

Cap Rate

1.38

DSCR

$3,393

Rent

$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,777

Downpayment

20%

$60,740

Closing costs

1%

$3,037

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,393

Total Expenses

$2,959

Mortgage P&I

45%

$1,517

Property Taxes

5%

$180

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis