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244 Wallinwood Ave NE, Grand Rapids, MI 49503

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Airbnb investment with a projected -11.07% first-year return on $94,209 initial cash invested.

-11.07%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$2,760

Rent

-$869

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,760 income − $3,629 expenses = $869 out of pocket

Income$2,760Out of Pocket$869Mortgage P&I$1,81366%Property Taxes$36413%Insurance$1285%Management$41415%CapEx$1104%Maintenance$1104%Other$69025%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,209

Downpayment

20%

$72,580

Closing costs

1%

$3,629

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,760

Total Expenses

$3,629

Mortgage P&I

66%

$1,813

Property Taxes

13%

$364

Home Insurance

5%

$128

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$690

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