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2041 Kalamazoo Ave SE, Grand Rapids, MI 49507

3 beds • 2 baths • 2016 sqft

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This property might be a fair Airbnb investment with a projected 6.18% first-year return on $73,923 initial cash invested.

6.18%

Cash On Cash

8.3%

Cap Rate

1.42

DSCR

$4,026

Rent

$381

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,923

Downpayment

20%

$53,260

Closing costs

1%

$2,663

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$4,026

Total Expenses

$3,645

Mortgage P&I

32%

$1,299

Property Taxes

8%

$322

Home Insurance

2%

$92

HOA

0%

$0

Property Management

15%

$604

CapEx

4%

$161

Vacancy

0%

$0

Maintenance

4%

$161

Other

25%

$1,006

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