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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 -7.16% first-year return on $78,459 initial cash invested.

-7.16%

Cash On Cash

4.47%

Cap Rate

0.75

DSCR

$2,696

Rent

-$468

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,696 income − $3,164 expenses = $468 out of pocket

Income$2,696Out of Pocket$468Mortgage P&I$1,43353%Property Taxes$33412%Insurance$1034%Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

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

$2,696

Total Expenses

$3,164

Mortgage P&I

53%

$1,433

Property Taxes

12%

$334

Home Insurance

4%

$103

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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