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This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $66,675 initial cash invested.
-9.86%
Cash On Cash
4.3%
Cap Rate
0.72
DSCR
$1,960
Rent
-$548
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,960
Total Expenses
$2,508
Mortgage P&I
81%
$1,587
Property Taxes
15%
$299
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2416 Aleda Ave SE, Grand Rapids, MI 49507 | $1,527 | 3 | 2 | 1789 | 0.4 mi |
735 Deming St SE, Grand Rapids, MI 49507 | $2,195 | 3 | 2 | 1900 | 0.1 mi |
921 Ballard St SE, Grand Rapids, MI 49507 | $1,595 | 3 | 2 | 1510 | 0.6 mi |
813 Merrifield St SE, Grand Rapids, MI 49507 | $2,035 | 3 | 1.5 | 1722 | 0.2 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality