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1133 Dick Ave NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Airbnb investment with a projected -7.31% first-year return on $78,459 initial cash invested.

-7.31%

Cash On Cash

4.43%

Cap Rate

0.74

DSCR

$2,678

Rent

-$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $3,156 expenses = $478 out of pocket

Income$2,678Out of Pocket$478Mortgage P&I$1,43354%Property Taxes$33412%Insurance$1034%Management$40215%CapEx$1074%Maintenance$1074%Other$67025%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,459

Downpayment

20%

$57,580

Closing costs

1%

$2,879

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,678

Total Expenses

$3,156

Mortgage P&I

54%

$1,433

Property Taxes

12%

$334

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$402

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$670

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