| Property Detail Name | Property Detail Value |
|---|---|
| Address | 27 Library St NE APT 403, Grand Rapids, MI 49503 |
| Property Type | Condo |
| Price | $470,000 |
| Price Change | -$15,000 |
| Tax Assessed Value | $384,600 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 2 |
| Bathrooms | 2.0 |
| Living Area | 1,145.0 |
| Lot Area | 0 |
| Lot Area Unit | |
| Year Built | N/A |
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -24.4% |
| Total ROI | -16.1% |
| Monthly Rent | $1,831 |
| Net Operating Income | $1,178 |
| Cap Rate | 3.0% |
| Monthly Cash Flow | -$1,915 |
| Gross Rent Multiplier | 21.4 |
| Debt Service Coverage Ratio | 0.5 |
| Principal and Interest | $2,374 |
| Tax | $719 |
| HOA Fees | $496 |
| Insurance | $157 |
| Total Payment | $3,746 |