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2034 Acton Rd NW, Grand Rapids, MI 49504

3 beds • 2 baths • 1482 sqft

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This property looks like a bad Airbnb investment with a projected -5.49% first-year return on $85,830 initial cash invested.

-5.49%

Cash On Cash

5.24%

Cap Rate

0.84

DSCR

$3,161

Rent

-$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,161 income − $3,554 expenses = $393 out of pocket

Income$3,161Out of Pocket$393Mortgage P&I$1,67853%Property Taxes$2448%Insurance$1164%Management$47415%CapEx$1264%Maintenance$1264%Other$79025%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,161

Total Expenses

$3,554

Mortgage P&I

53%

$1,678

Property Taxes

8%

$244

Home Insurance

4%

$116

HOA

0%

$0

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

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