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4380 Michigan St NE, Grand Rapids, MI 49525

Property Details for 4380 Michigan St NE, Grand Rapids, MI 49525

Property Detail Name Property Detail Value
Address 4380 Michigan St NE, Grand Rapids, MI 49525
Property Type Single Family
Price $1,429,900
Price Change $0
Tax Assessed Value $1,104,600
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 5
Bathrooms 4.0
Living Area 5,708.0
Lot Area 3.01
Lot Area Unit ACRES
Year Built 2000

Financial Summary for 4380 Michigan St NE, Grand Rapids, MI 49525

Financial Metric Name Financial Metric Value
Cash on Cash Return -19.3%
Total ROI -12.1%
Monthly Rent $4,496
Net Operating Income $4,019
Cap Rate 3.4%
Monthly Cash Flow -$4,592
Gross Rent Multiplier 26.5
Debt Service Coverage Ratio 0.6
Principal and Interest $6,954
Tax $1,657
HOA Fees $0
Insurance $477
Total Payment $9,088
Total ROI uses 6.66% 30-year fixed rate (Freddie Mac, updated 20 days ago) — consider refreshing
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