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147 Brownell St SE, Grand Rapids, MI 49548

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $84,801 initial cash invested.

-2.77%

Cash On Cash

5.55%

Cap Rate

0.94

DSCR

$2,666

Rent

-$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,801

Downpayment

20%

$63,620

Closing costs

1%

$3,181

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,666

Total Expenses

$2,862

Mortgage P&I

59%

$1,560

Property Taxes

11%

$281

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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