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$4,360 (target)

2297 Christine Ct SE, Grand Rapids, MI 49546

3 beds • 2 baths • 1440 sqft

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This property might be a fair Mid-Term investment with a projected 0.99% first-year return on $110k initial cash invested.

0.99%

Cash On Cash

6.75%

Cap Rate

1.12

DSCR

$4,360

Rent

$91

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,360 income − $4,269 expenses = $91 cash flow

Income$4,360Mortgage P&I$2,21151%Property Taxes$2977%Insurance$1544%HOA$1253%Management$52312%CapEx$1744%Vacancy$1313%Maintenance$1744%Other$48011%Cash Flow$91

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,360

Total Expenses

$4,269

Mortgage P&I

51%

$2,211

Property Taxes

7%

$297

Home Insurance

4%

$154

HOA

3%

$125

Property Management

12%

$523

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$480

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