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1221 Whitmore Ave NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Airbnb investment with a projected -9.9% first-year return on $85,830 initial cash invested.

-9.9%

Cash On Cash

4.04%

Cap Rate

0.65

DSCR

$2,958

Rent

-$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,958 income − $3,666 expenses = $708 out of pocket

Income$2,958Out of Pocket$708Mortgage P&I$1,67757%Property Taxes$45315%Insurance$1164%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,958

Total Expenses

$3,666

Mortgage P&I

57%

$1,677

Property Taxes

15%

$453

Home Insurance

4%

$116

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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