| Property Detail Name | Property Detail Value |
|---|---|
| Address | 712 Lafayette Ave SE, Grand Rapids, MI 49503 |
| Property Type | Multi Family |
| Price | $462,900 |
| Price Change | $0 |
| Tax Assessed Value | $425,000 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 9 |
| Bathrooms | 3.0 |
| Living Area | 3,601.0 |
| Lot Area | 7840.0 |
| Lot Area Unit | SQFT |
| Year Built | N/A |
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 5.3% |
| Total ROI | 13.6% |
| Monthly Rent | $3,612 |
| Net Operating Income | $3,458 |
| Cap Rate | 9.0% |
| Monthly Cash Flow | $412 |
| Gross Rent Multiplier | 10.7 |
| Debt Service Coverage Ratio | 1.5 |
| Principal and Interest | $2,338 |
| Tax | $708 |
| HOA Fees | $0 |
| Insurance | $154 |
| Total Payment | $3,200 |