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1111 Ionia Ave SW, Grand Rapids, MI 49507

4 beds • 2 baths • 1656 sqft

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This property could be a profitable Airbnb investment with a projected 17.33% first-year return on $76,500 initial cash invested.

17.33%

Cash On Cash

12.55%

Cap Rate

2.02

DSCR

$5,336

Rent

$1,105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

10%

$24,000

Cashflow

Total Income

$5,336

Total Expenses

$4,231

Mortgage P&I

24%

$1,297

Property Taxes

5%

$286

Home Insurance

2%

$88

HOA

0%

$0

Property Management

15%

$800

CapEx

4%

$213

Vacancy

0%

$0

Maintenance

4%

$213

Other

25%

$1,334

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