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$3,622 (target)

1354 Herrick Ave NE, Grand Rapids, MI 49505

3 beds • 2 baths • 2345 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $87,846 initial cash invested.

2.9%

Cash On Cash

7.35%

Cap Rate

1.21

DSCR

$3,622

Rent

$212

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,622 income − $3,410 expenses = $212 cash flow

Income$3,622Mortgage P&I$1,68046%Property Taxes$37910%Insurance$1193%Management$43512%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39811%Cash Flow$212

Investment Breakdown

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Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,846

Downpayment

20%

$66,520

Closing costs

1%

$3,326

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,622

Total Expenses

$3,410

Mortgage P&I

46%

$1,680

Property Taxes

10%

$379

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$435

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$398

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