| Property Detail Name | Property Detail Value |
|---|---|
| Address | 2221 NE Watertown Way, Grand Rapids, MI 49505 |
| Property Type | Condo |
| Price | $349,900 |
| Price Change | $0 |
| Tax Assessed Value | $0 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3 |
| Bathrooms | 3.0 |
| Living Area | 1,505.0 |
| Lot Area | 0 |
| Lot Area Unit | |
| Year Built | N/A |
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 2.7% |
| Total ROI | 11.5% |
| Monthly Rent | $2,849 |
| Net Operating Income | $2,487 |
| Cap Rate | 8.5% |
| Monthly Cash Flow | $159 |
| Gross Rent Multiplier | 10.2 |
| Debt Service Coverage Ratio | 1.4 |
| Principal and Interest | $1,793 |
| Tax | $535 |
| HOA Fees | $245 |
| Insurance | $117 |
| Total Payment | $2,690 |