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1800 Boston St SE, Grand Rapids, MI 49506

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Airbnb investment with a projected -2.53% first-year return on $78,690 initial cash invested.

-2.53%

Cash On Cash

6.07%

Cap Rate

0.97

DSCR

$3,162

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,162 income − $3,328 expenses = $166 out of pocket

Income$3,162Out of Pocket$166Mortgage P&I$1,50147%Property Taxes$2087%Insurance$1033%Management$47415%CapEx$1264%Maintenance$1264%Other$79025%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,162

Total Expenses

$3,328

Mortgage P&I

47%

$1,501

Property Taxes

7%

$208

Home Insurance

3%

$103

HOA

0%

$0

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

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