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1116 Atlantic St NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1022 sqft

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This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $80,979 initial cash invested.

-2.28%

Cash On Cash

5.61%

Cap Rate

0.96

DSCR

$2,298

Rent

-$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$2,452

Mortgage P&I

64%

$1,463

Property Taxes

4%

$102

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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