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$3,506 (target)

2121 Timberview Dr NE, Grand Rapids, MI 49525

3 beds • 2 baths • 2133 sqft

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This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $98,724 initial cash invested.

-1.3%

Cash On Cash

6.07%

Cap Rate

1.02

DSCR

$3,506

Rent

-$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,506 income − $3,613 expenses = $107 out of pocket

Income$3,506Out of Pocket$107Mortgage P&I$1,91355%Property Taxes$37211%Insurance$1364%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

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Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,724

Downpayment

20%

$76,880

Closing costs

1%

$3,844

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,506

Total Expenses

$3,613

Mortgage P&I

55%

$1,913

Property Taxes

11%

$372

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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