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5705 Coit Ave NE, Grand Rapids, MI 49525

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Airbnb investment with a projected -12.09% first-year return on $107k initial cash invested.

-12.09%

Cash On Cash

3.12%

Cap Rate

0.53

DSCR

$2,746

Rent

-$1,076

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,580

Closing costs

1%

$4,229

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,746

Total Expenses

$3,822

Mortgage P&I

75%

$2,066

Property Taxes

10%

$286

Home Insurance

6%

$152

HOA

0%

$0

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$686

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