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$3,855 (target)

2685 Northville Dr NE, Grand Rapids, MI 49525

3 beds • 3 baths • 2028 sqft

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This property might be a fair Mid-Term investment with a projected 2.48% first-year return on $95,910 initial cash invested.

2.48%

Cash On Cash

7.27%

Cap Rate

1.19

DSCR

$3,855

Rent

$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,855 income − $3,657 expenses = $198 cash flow

Income$3,855Mortgage P&I$1,89649%Property Taxes$3178%Insurance$1333%Management$46312%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42411%Cash Flow$198

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,910

Downpayment

20%

$74,200

Closing costs

1%

$3,710

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,855

Total Expenses

$3,657

Mortgage P&I

49%

$1,896

Property Taxes

8%

$317

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$424

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