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$3,614 (target)

3020 Leonard St NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1960 sqft

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This property might be a fair Mid-Term investment with a projected 3.5% first-year return on $88,497 initial cash invested.

3.5%

Cash On Cash

7.56%

Cap Rate

1.24

DSCR

$3,614

Rent

$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,614 income − $3,356 expenses = $258 cash flow

Income$3,614Mortgage P&I$1,71147%Property Taxes$2968%Insurance$1193%Management$43412%CapEx$1454%Vacancy$1083%Maintenance$1454%Other$39811%Cash Flow$258

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,497

Downpayment

20%

$67,140

Closing costs

1%

$3,357

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,614

Total Expenses

$3,356

Mortgage P&I

47%

$1,711

Property Taxes

8%

$296

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$108

Maintenance

4%

$145

Other

11%

$398

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