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$3,554 (target)

3907 Mohawk Ave SW, Grandville, MI 49418

3 beds • 2 baths • 2200 sqft

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This property might be a fair Mid-Term investment with a projected 1.01% first-year return on $91,479 initial cash invested.

1.01%

Cash On Cash

7.14%

Cap Rate

1.12

DSCR

$3,554

Rent

$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,554 income − $3,477 expenses = $77 cash flow

Income$3,554Mortgage P&I$1,86252%Property Taxes$2858%Insurance$1223%Management$42612%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%Cash Flow$77

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,554

Total Expenses

$3,477

Mortgage P&I

52%

$1,862

Property Taxes

8%

$285

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$426

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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