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712 S Grand Traverse St, Flint, MI 48502
8 beds • 8 baths • 5742 sqft • 8 units
$325,000
View on ZillowThis property could be a profitable Airbnb investment with a projected 10.86% first-year return on $116k initial cash invested.
10.86%
Cash On Cash
10.93%
Cap Rate
1.78
DSCR
$6,240
Rent
$1,052
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,240 income − $5,188 expenses = $1,052 cash flow
Investment Breakdown
|
Purchase Price
$325k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$65,000
Closing costs
1%
$3,250
Rehab
0%
$0
Furnishing
15%
$48,000
Cashflow
Total Income
$6,240
Total Expenses
$5,188
Mortgage P&I
27%
$1,659
Property Taxes
7%
$419
Home Insurance
2%
$114
HOA
0%
$0
Property Management
15%
$936
CapEx
4%
$250
Vacancy
0%
$0
Maintenance
4%
$250
Other
25%
$1,560
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Chic Modern Luxury in the Heart of Vehicle City | $2,909 | $131 | 1 | 1 | 1.57 mi |
Apt#7 Central Park + Cultural Center District | $1,399 | $63 | 1 | 1 | 0.85 mi |
#7 Central Park/ Cultural Center | $1,243 | $56 | 1 | 1 | 0.86 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 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 |
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 |
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 |
Projection Charts
Investment Value YoY