| Property Detail Name | Property Detail Value |
|---|---|
| Address | 1034 Norwich Ave SW, Grand Rapids, MI 49503 |
| Property Type | Multi Family |
| Price | $275,000 |
| Price Change | -$25,000 |
| Tax Assessed Value | $185,400 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4 |
| Bathrooms | 2.0 |
| Living Area | 1,578.0 |
| Lot Area | 4791.6 |
| Lot Area Unit | SQFT |
| Year Built | N/A |
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -6.2% |
| Total ROI | 2.5% |
| Monthly Rent | $1,636 |
| Net Operating Income | $1,544 |
| Cap Rate | 6.7% |
| Monthly Cash Flow | -$285 |
| Gross Rent Multiplier | 14.0 |
| Debt Service Coverage Ratio | 1.1 |
| Principal and Interest | $1,409 |
| Tax | $420 |
| HOA Fees | $0 |
| Insurance | $92 |
| Total Payment | $1,921 |