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$3,819 (target)

439 Lyon St NE, Grand Rapids, MI 49503

3 beds • 3 baths • 1782 sqft

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This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $124k initial cash invested.

-8.7%

Cash On Cash

4.62%

Cap Rate

0.72

DSCR

$3,819

Rent

-$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,819 income − $4,721 expenses = $902 out of pocket

Income$3,819Out of Pocket$902Mortgage P&I$2,70071%Property Taxes$53814%Insurance$1845%Management$45812%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,064

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,819

Total Expenses

$4,721

Mortgage P&I

71%

$2,700

Property Taxes

14%

$538

Home Insurance

5%

$184

HOA

0%

$0

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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