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1654 Horton Ave SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Airbnb investment with a projected -0.87% first-year return on $74,595 initial cash invested.

-0.87%

Cash On Cash

6.25%

Cap Rate

1.04

DSCR

$2,820

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,820 income − $2,874 expenses = $54 out of pocket

Income$2,820Out of Pocket$54Mortgage P&I$1,34548%Property Taxes$813%Insurance$943%Management$42315%CapEx$1134%Maintenance$1134%Other$70525%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,820

Total Expenses

$2,874

Mortgage P&I

48%

$1,345

Property Taxes

3%

$81

Home Insurance

3%

$94

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$705

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