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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 -10.35% first-year return on $90,744 initial cash invested.

-10.35%

Cash On Cash

3.7%

Cap Rate

0.61

DSCR

$2,597

Rent

-$783

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,597 income − $3,380 expenses = $783 out of pocket

Income$2,597Out of Pocket$783Mortgage P&I$1,74867%Property Taxes$26310%Insurance$1225%Management$39015%CapEx$1044%Maintenance$1044%Other$64925%

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

$2,597

Total Expenses

$3,380

Mortgage P&I

67%

$1,748

Property Taxes

10%

$263

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$390

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$649

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