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$3,807 (target)

3684 Four Mile Rd NE, Grand Rapids, MI 49525

3 beds • 2 baths • 1965 sqft

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This property looks like a bad Mid-Term investment with a projected -5.7% first-year return on $129k initial cash invested.

-5.7%

Cash On Cash

4.9%

Cap Rate

0.82

DSCR

$3,807

Rent

-$614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,807 income − $4,421 expenses = $614 out of pocket

Income$3,807Out of Pocket$614Mortgage P&I$2,62669%Property Taxes$3098%Insurance$1925%Management$45712%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41911%

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,297

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,807

Total Expenses

$4,421

Mortgage P&I

69%

$2,626

Property Taxes

8%

$309

Home Insurance

5%

$192

HOA

0%

$0

Property Management

12%

$457

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$419

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