REI Lense

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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 -8.01% first-year return on $94,209 initial cash invested.

-8.01%

Cash On Cash

4.34%

Cap Rate

0.72

DSCR

$3,223

Rent

-$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$3,223

Total Expenses

$3,852

Mortgage P&I

56%

$1,813

Property Taxes

11%

$364

Home Insurance

4%

$128

HOA

0%

$0

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$806

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