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This property looks like a bad Long-Term investment with a projected -19.6% first-year return on $161k initial cash invested.
-19.6%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$2,740
Rent
-$2,631
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$767k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,740
Total Expenses
$5,371
Mortgage P&I
140%
$3,849
Property Taxes
20%
$558
Home Insurance
9%
$252
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
53 Luray Ave NW, Grand Rapids, MI 49504 | $3,300 | 4 | 1.5 | 1.6 mi | |
311 Marcella Ave NW, Grand Rapids, MI 49504 | $2,000 | 4 | 1 | 2 mi | |
35 Richards Ave NW, Grand Rapids, MI 49504 | $2,300 | 4 | 2 | 2.2 mi | |
325 Pine Ave NW, Grand Rapids, MI 49504 | $1,945 | 4 | 2 | 2.2 mi | |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality