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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 -3.25% first-year return on $96,456 initial cash invested.

-3.25%

Cash On Cash

5.64%

Cap Rate

0.94

DSCR

$3,781

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,781 income − $4,042 expenses = $261 out of pocket

Income$3,781Out of Pocket$261Mortgage P&I$1,86549%Property Taxes$2276%Insurance$1364%Management$56715%CapEx$1514%Maintenance$1514%Other$94525%

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

$3,781

Total Expenses

$4,042

Mortgage P&I

49%

$1,865

Property Taxes

6%

$227

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$567

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$945

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