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922 Virginia St SE, Grand Rapids, MI 49506

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Airbnb investment with a projected -9.84% first-year return on $105k initial cash invested.

-9.84%

Cash On Cash

4.15%

Cap Rate

0.67

DSCR

$3,564

Rent

-$864

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,564 income − $4,428 expenses = $864 out of pocket

Income$3,564Out of Pocket$864Mortgage P&I$2,16261%Property Taxes$40411%Insurance$1504%Management$53515%CapEx$1434%Maintenance$1434%Other$89125%

Investment Breakdown

|

Purchase Price

$416k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,240

Closing costs

1%

$4,162

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,564

Total Expenses

$4,428

Mortgage P&I

61%

$2,162

Property Taxes

11%

$404

Home Insurance

4%

$150

HOA

0%

$0

Property Management

15%

$535

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$891

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