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736 Cass Ave SE, Grand Rapids, MI 49503

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Airbnb investment with a projected -6.02% first-year return on $74,952 initial cash invested.

-6.02%

Cash On Cash

4.73%

Cap Rate

0.79

DSCR

$2,281

Rent

-$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,281 income − $2,657 expenses = $376 out of pocket

Income$2,281Out of Pocket$376Mortgage P&I$1,35359%Property Taxes$1145%Insurance$964%Management$34215%CapEx$914%Maintenance$914%Other$57025%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,952

Downpayment

20%

$54,240

Closing costs

1%

$2,712

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,281

Total Expenses

$2,657

Mortgage P&I

59%

$1,353

Property Taxes

5%

$114

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$342

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$570

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