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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 -12.07% first-year return on $85,830 initial cash invested.

-12.07%

Cash On Cash

3.42%

Cap Rate

0.55

DSCR

$2,659

Rent

-$863

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,659 income − $3,522 expenses = $863 out of pocket

Income$2,659Out of Pocket$863Mortgage P&I$1,67763%Property Taxes$45317%Insurance$1164%Management$39915%CapEx$1064%Maintenance$1064%Other$66525%

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

$2,659

Total Expenses

$3,522

Mortgage P&I

63%

$1,677

Property Taxes

17%

$453

Home Insurance

4%

$116

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$665

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