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This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $72,135 initial cash invested.
-9.03%
Cash On Cash
4.43%
Cap Rate
0.74
DSCR
$2,060
Rent
-$543
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,603
Mortgage P&I
83%
$1,708
Property Taxes
12%
$237
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
470 Eleanor St NE, Grand Rapids, MI 49505 | $1,500 | 3 | 2 | 1990 | 2 mi |
2621 Coit Ave NE, Grand Rapids, MI 49505 | $2,250 | 3 | 2.5 | 1920 | 1.6 mi |
1421 Ball Ave NE, Grand Rapids, MI 49505 | $1,895 | 3 | 2 | 1762 | 2.7 mi |
3274 Briggs Blvd NE, Grand Rapids, MI 49525 | $2,795 | 3 | 1 | 1950 | 1.1 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