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931 Evergreen St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1342 sqft

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This property could be a profitable Mid-Term investment with a projected 11.27% first-year return on $61,974 initial cash invested.

11.27%

Cash On Cash

10.3%

Cap Rate

1.63

DSCR

$2,896

Rent

$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,974

Downpayment

20%

$41,880

Closing costs

1%

$2,094

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$2,314

Mortgage P&I

38%

$1,100

Property Taxes

6%

$162

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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