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32900 Wabana Rd, Grand Rapids, MN 55744

3 beds • 3 baths • 1794 sqft

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This property might be a fair Airbnb investment with a projected 7.36% first-year return on $57,690 initial cash invested.

7.36%

Cash On Cash

9.37%

Cap Rate

1.48

DSCR

$3,062

Rent

$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,062 income − $2,708 expenses = $354 cash flow

Income$3,062Mortgage P&I$99933%Property Taxes$823%Insurance$1585%Management$45915%CapEx$1224%Maintenance$1224%Other$76625%Cash Flow$354

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$3,062

Total Expenses

$2,708

Mortgage P&I

33%

$999

Property Taxes

3%

$82

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$766

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