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$3,579 (target)

244 Wallinwood Ave NE, Grand Rapids, MI 49503

3 beds • 2 baths • 1676 sqft

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This property might be a fair Mid-Term investment with a projected 0.74% first-year return on $94,209 initial cash invested.

0.74%

Cash On Cash

6.66%

Cap Rate

1.11

DSCR

$3,579

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,209

Downpayment

20%

$72,580

Closing costs

1%

$3,629

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,579

Total Expenses

$3,521

Mortgage P&I

51%

$1,813

Property Taxes

10%

$364

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$394

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