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5705 Coit Ave NE, Grand Rapids, MI 49525

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Mid-Term investment with a projected -4.21% first-year return on $107k initial cash invested.

-4.21%

Cash On Cash

5.16%

Cap Rate

0.88

DSCR

$3,226

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,580

Closing costs

1%

$4,229

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,226

Total Expenses

$3,601

Mortgage P&I

64%

$2,066

Property Taxes

9%

$286

Home Insurance

5%

$152

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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