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2457 Coit Ave NE, Grand Rapids, MI 49505

3 beds • 2 baths • 1530 sqft

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This property looks like a bad Long-Term investment with a projected -7.83% first-year return on $72,366 initial cash invested.

-7.83%

Cash On Cash

4.62%

Cap Rate

0.78

DSCR

$2,097

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,366

Downpayment

20%

$68,920

Closing costs

1%

$3,446

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,097

Total Expenses

$2,569

Mortgage P&I

81%

$1,695

Property Taxes

10%

$206

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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