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7786 Thornapple Bayou Dr SE, Grand Rapids, MI 49512
3 beds • 4 baths • 2725 sqft
$695,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $164k initial cash invested.
-1.3%
Cash On Cash
6.4%
Cap Rate
1.02
DSCR
$6,158
Rent
-$177
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,158 income − $6,335 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,158
Total Expenses
$6,335
Mortgage P&I
59%
$3,635
Property Taxes
6%
$364
Home Insurance
4%
$243
HOA
0%
$0
Property Management
12%
$739
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$677