| Property Detail Name | Property Detail Value |
|---|---|
| Address | 720 Eastern Ave NE, Grand Rapids, MI 49503 |
| Property Type | Single Family |
| Price | $1,299,000 |
| Price Change | -$150,000 |
| Tax Assessed Value | $236,200 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 3 |
| Bathrooms | 2.0 |
| Living Area | 1,701.0 |
| Lot Area | 8712.0 |
| Lot Area Unit | SQFT |
| Year Built | N/A |
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | -27.5% |
| Total ROI | -20.4% |
| Monthly Rent | $2,774 |
| Net Operating Income | $2,341 |
| Cap Rate | 2.2% |
| Monthly Cash Flow | -$5,963 |
| Gross Rent Multiplier | 39.0 |
| Debt Service Coverage Ratio | 0.4 |
| Principal and Interest | $6,318 |
| Tax | $1,986 |
| HOA Fees | $0 |
| Insurance | $433 |
| Total Payment | $8,737 |