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7417 Old Lantern Dr SE, Caledonia, MI 49316

Property Details for 7417 Old Lantern Dr SE, Caledonia, MI 49316

Property Detail Name Property Detail Value
Address 7417 Old Lantern Dr SE, Caledonia, MI 49316
Property Type Single Family
Price $619,900
Price Change -$30,100
Tax Assessed Value $568,400
Non Owner Occupied? Yes
Pre Foreclosure Auction No
Bedrooms 5
Bathrooms 4.0
Living Area 4,328.0
Lot Area 0.37
Lot Area Unit ACRES
Year Built N/A

Financial Summary for 7417 Old Lantern Dr SE, Caledonia, MI 49316

Financial Metric Name Financial Metric Value
Cash on Cash Return -1.1%
Total ROI 6.8%
Monthly Rent $3,887
Net Operating Income $3,662
Cap Rate 7.1%
Monthly Cash Flow -$117
Gross Rent Multiplier 13.3
Debt Service Coverage Ratio 1.2
Principal and Interest $3,096
Tax $683
HOA Fees $18
Insurance $207
Total Payment $4,004
Total ROI uses 6.66% 30-year fixed rate (Freddie Mac, updated 2 months ago) — rate is stale
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