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$3,598 (target)

1846 Eastbrook St SE, Grand Rapids, MI 49508

3 beds • 2 baths • 2153 sqft

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This property might be a fair Mid-Term investment with a projected 0.89% first-year return on $99,900 initial cash invested.

0.89%

Cash On Cash

6.69%

Cap Rate

1.11

DSCR

$3,598

Rent

$74

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,598 income − $3,524 expenses = $74 cash flow

Income$3,598Mortgage P&I$1,95654%Property Taxes$2046%Insurance$1404%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%Cash Flow$74

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,598

Total Expenses

$3,524

Mortgage P&I

54%

$1,956

Property Taxes

6%

$204

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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