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$2,208 (target)

1334 Fuller Ave SE, Grand Rapids, MI 49506

3 beds • 2 baths • 1569 sqft

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This property could be a profitable Long-Term investment with a projected 13.68% first-year return on $39,900 initial cash invested.

13.68%

Cash On Cash

9.87%

Cap Rate

1.57

DSCR

$2,208

Rent

$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,208 income − $1,753 expenses = $455 cash flow

Income$2,208Mortgage P&I$99745%Property Taxes$1175%Insurance$663%Management$22110%CapEx$1105%Vacancy$1326%Maintenance$1105%Cash Flow$455

Investment Breakdown

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Purchase Price

$190k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,208

Total Expenses

$1,753

Mortgage P&I

45%

$997

Property Taxes

5%

$117

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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