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$2,778 (target)

1019 Cooper Ave SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1265 sqft

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This property might be a fair Mid-Term investment with a projected 1.96% first-year return on $65,544 initial cash invested.

1.96%

Cash On Cash

7.62%

Cap Rate

1.18

DSCR

$2,778

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,778 income − $2,671 expenses = $107 cash flow

Income$2,778Mortgage P&I$1,21944%Property Taxes$42815%Insurance$803%Management$33312%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30611%Cash Flow$107

Investment Breakdown

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Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,544

Downpayment

20%

$45,280

Closing costs

1%

$2,264

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,778

Total Expenses

$2,671

Mortgage P&I

44%

$1,219

Property Taxes

15%

$428

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$306

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