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This property might be a fair Long-Term investment with a projected 0.52% first-year return on $43,974 initial cash invested.
0.52%
Cash On Cash
6.93%
Cap Rate
1.1
DSCR
$1,820
Rent
$19
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$209k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,974
Downpayment
20%
$41,880
Closing costs
1%
$2,094
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,820
Total Expenses
$1,801
Mortgage P&I
60%
$1,100
Property Taxes
9%
$162
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
631 Martin Luther King Junior St SE, Grand Rapids, MI 49507 | $2,000 | 3 | 2 | 1374 | 0.9 mi |
928 Baxter St SE, Grand Rapids, MI 49506 | $1,750 | 3 | 2 | 1296 | 1.1 mi |
531 531 Delaware, Grand Rapids, MI 49507 | $1,895 | 3 | 2 | 1244 | 0.8 mi |
921 Ballard St SE, Grand Rapids, MI 49507 | $1,595 | 3 | 2 | 1510 | 0.3 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