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1914 Woodward Ave SE, Grand Rapids, MI 49506

3 beds • 2 baths • 2041 sqft

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This property looks like a bad Airbnb investment with a projected -8.34% first-year return on $96,456 initial cash invested.

-8.34%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$2,996

Rent

-$670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,996 income − $3,666 expenses = $670 out of pocket

Income$2,996Out of Pocket$670Mortgage P&I$1,86562%Property Taxes$2278%Insurance$1365%Management$44915%CapEx$1204%Maintenance$1204%Other$74925%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,456

Downpayment

20%

$74,720

Closing costs

1%

$3,736

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,996

Total Expenses

$3,666

Mortgage P&I

62%

$1,865

Property Taxes

8%

$227

Home Insurance

5%

$136

HOA

0%

$0

Property Management

15%

$449

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$749

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