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This property looks like a bad Long-Term investment with a projected -0.59% first-year return on $57,351 initial cash invested.
-0.59%
Cash On Cash
6.39%
Cap Rate
1.07
DSCR
$2,340
Rent
-$28
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$273k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,351
Downpayment
20%
$54,620
Closing costs
1%
$2,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,340
Total Expenses
$2,368
Mortgage P&I
58%
$1,365
Property Taxes
13%
$299
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
419 Harp St SE, Grand Rapids, MI 49548 | $2,395 | 4 | 2 | 1892 | 1 mi |
4640 Crosswinds Dr SE, Grand Rapids, MI 49508 | $2,400 | 4 | 2 | 1650 | 2.8 mi |
4221 Buchanan Ave SW, Wyoming, MI 49548 | $2,495 | 4 | 1.5 | 2004 | 0.1 mi |
5392 Eagle Glen Dr SW, Wyoming, MI 49509 | $2,295 | 4 | 2 | 2060 | 1.8 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality