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939 Northwood St NE, Grand Rapids, MI 49505

3 beds • 2 baths • 1996 sqft

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This property could be a profitable Mid-Term investment with a projected 13.63% first-year return on $68,400 initial cash invested.

13.63%

Cash On Cash

10.9%

Cap Rate

1.73

DSCR

$3,560

Rent

$777

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,560

Total Expenses

$2,783

Mortgage P&I

35%

$1,261

Property Taxes

6%

$228

Home Insurance

2%

$84

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$392

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