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1944 Lenawee Rd SE, Grand Rapids, MI 49506

3 beds • 3 baths • 2064 sqft

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This property looks like a bad Airbnb investment with a projected -11.66% first-year return on $125k initial cash invested.

-11.66%

Cash On Cash

3.42%

Cap Rate

0.58

DSCR

$3,587

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$512k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$102k

Closing costs

1%

$5,116

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,587

Total Expenses

$4,806

Mortgage P&I

71%

$2,533

Property Taxes

10%

$368

Home Insurance

5%

$184

HOA

0%

$0

Property Management

15%

$538

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$897

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