REI Lense

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$3,213 (target)

947 Lyon St NE, Grand Rapids, MI 49503

3 beds • 2 baths • 1584 sqft

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This property might be a fair Mid-Term investment with a projected 3.65% first-year return on $79,509 initial cash invested.

3.65%

Cash On Cash

7.49%

Cap Rate

1.25

DSCR

$3,213

Rent

$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,213 income − $2,971 expenses = $242 cash flow

Income$3,213Mortgage P&I$1,45745%Property Taxes$31610%Insurance$1053%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35311%Cash Flow$242

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,509

Downpayment

20%

$58,580

Closing costs

1%

$2,929

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$2,971

Mortgage P&I

45%

$1,457

Property Taxes

10%

$316

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$353

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