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4896 Sequoia Dr SE, Grand Rapids, MI 49512

3 beds • 2 baths • 2132 sqft

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This property looks like a bad Airbnb investment with a projected -17.45% first-year return on $130k initial cash invested.

-17.45%

Cash On Cash

2.06%

Cap Rate

0.34

DSCR

$2,583

Rent

-$1,894

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,583 income − $4,477 expenses = $1,894 out of pocket

Income$2,583Out of Pocket$1,894Mortgage P&I$2,709105%Property Taxes$33713%Insurance$1927%Management$38715%CapEx$1034%Maintenance$1034%Other$64625%

Investment Breakdown

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Purchase Price

$534k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,344

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,583

Total Expenses

$4,477

Mortgage P&I

105%

$2,709

Property Taxes

13%

$337

Home Insurance

7%

$192

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$646

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