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3828 Giddings Ave SE, Grand Rapids, MI 49508

3 beds • 2 baths • 2302 sqft

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This property looks like a bad Airbnb investment with a projected -9.96% first-year return on $90,744 initial cash invested.

-9.96%

Cash On Cash

3.81%

Cap Rate

0.63

DSCR

$2,653

Rent

-$753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,653 income − $3,406 expenses = $753 out of pocket

Income$2,653Out of Pocket$753Mortgage P&I$1,74866%Property Taxes$26310%Insurance$1225%Management$39815%CapEx$1064%Maintenance$1064%Other$66325%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,744

Downpayment

20%

$69,280

Closing costs

1%

$3,464

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,653

Total Expenses

$3,406

Mortgage P&I

66%

$1,748

Property Taxes

10%

$263

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

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