REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,688 (target)

885 Argo Ave SE, Grand Rapids, MI 49546

3 beds • 3 baths • 2253 sqft

Email

This property looks like a bad Long-Term investment with a projected -5.16% first-year return on $84,378 initial cash invested.

-5.16%

Cash On Cash

5.24%

Cap Rate

0.88

DSCR

$2,688

Rent

-$363

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,688 income − $3,051 expenses = $363 out of pocket

Income$2,688Out of Pocket$363Mortgage P&I$1,98374%Property Taxes$2278%Insurance$1435%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$402k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,378

Downpayment

20%

$80,360

Closing costs

1%

$4,018

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,688

Total Expenses

$3,051

Mortgage P&I

74%

$1,983

Property Taxes

8%

$227

Home Insurance

5%

$143

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis