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$3,758 (target)

1548 Rossman Ave SE, Grand Rapids, MI 49507

3 beds • 3 baths • 1778 sqft

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This property might be a fair Mid-Term investment with a projected 5.27% first-year return on $84,423 initial cash invested.

5.27%

Cash On Cash

8.34%

Cap Rate

1.31

DSCR

$3,758

Rent

$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,758 income − $3,387 expenses = $371 cash flow

Income$3,758Mortgage P&I$1,67645%Property Taxes$3229%Insurance$1123%Management$45112%CapEx$1504%Vacancy$1133%Maintenance$1504%Other$41311%Cash Flow$371

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,423

Downpayment

20%

$63,260

Closing costs

1%

$3,163

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,758

Total Expenses

$3,387

Mortgage P&I

45%

$1,676

Property Taxes

9%

$322

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$451

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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