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1217 El Camino Dr NW, Grand Rapids, MI 49504

4 beds • 5 baths • 4689 sqft

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This property looks like a bad Airbnb investment with a projected -6.07% first-year return on $185k initial cash invested.

-6.07%

Cash On Cash

5%

Cap Rate

0.83

DSCR

$7,159

Rent

-$936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$767k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$153k

Closing costs

1%

$7,671

Rehab

0%

$0

Furnishing

3%

$24,000

Cashflow

Total Income

$7,159

Total Expenses

$8,095

Mortgage P&I

54%

$3,849

Property Taxes

8%

$558

Home Insurance

4%

$252

HOA

0%

$0

Property Management

15%

$1,074

CapEx

4%

$286

Vacancy

0%

$0

Maintenance

4%

$286

Other

25%

$1,790

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