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664 Hoyt St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $84,675 initial cash invested.

-3.49%

Cash On Cash

5.47%

Cap Rate

0.91

DSCR

$2,654

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,654

Total Expenses

$2,900

Mortgage P&I

60%

$1,587

Property Taxes

11%

$299

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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