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931 Evergreen St SE, Grand Rapids, MI 49507

3 beds • 2 baths • 1342 sqft

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This property might be a fair Airbnb investment with a projected 7.71% first-year return on $61,974 initial cash invested.

7.71%

Cash On Cash

9.35%

Cap Rate

1.48

DSCR

$3,320

Rent

$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,974

Downpayment

20%

$41,880

Closing costs

1%

$2,094

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,320

Total Expenses

$2,922

Mortgage P&I

33%

$1,100

Property Taxes

5%

$162

Home Insurance

2%

$66

HOA

0%

$0

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$830

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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3

1

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$3,718

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3

1

0.92 mi

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4

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1.3 mi

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2

1

0.9 mi

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$2,850

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5

4

0.6 mi

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2

1

0.9 mi

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$2,850

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5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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