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$3,135 (target)

1055 Kelsey St NE, Grand Rapids, MI 49505

3 beds • 2 baths • 1423 sqft

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This property might be a fair Mid-Term investment with a projected 0.73% first-year return on $86,628 initial cash invested.

0.73%

Cash On Cash

6.62%

Cap Rate

1.11

DSCR

$3,135

Rent

$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,135 income − $3,082 expenses = $53 cash flow

Income$3,135Mortgage P&I$1,62452%Property Taxes$2769%Insurance$1174%Management$37612%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34511%Cash Flow$53

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,628

Downpayment

20%

$65,360

Closing costs

1%

$3,268

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,135

Total Expenses

$3,082

Mortgage P&I

52%

$1,624

Property Taxes

9%

$276

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$376

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$345

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