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664 Hoyt St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Airbnb investment with a projected -5.85% first-year return on $84,675 initial cash invested.

-5.85%

Cash On Cash

4.9%

Cap Rate

0.82

DSCR

$3,048

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,048

Total Expenses

$3,461

Mortgage P&I

52%

$1,587

Property Taxes

10%

$299

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$762

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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2

0.98 mi

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2.04 mi

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$3,698

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3

1

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$3,679

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3

1

0.84 mi

104 W Rancho Del Cerro

$2,500

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4

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1.3 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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