REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

939 Northwood St NE, Grand Rapids, MI 49505

3 beds • 2 baths • 1996 sqft

Email

This property might be a fair Airbnb investment with a projected 1.25% first-year return on $68,400 initial cash invested.

1.25%

Cash On Cash

7.29%

Cap Rate

1.16

DSCR

$3,160

Rent

$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,160

Total Expenses

$3,089

Mortgage P&I

40%

$1,261

Property Taxes

7%

$228

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Bright & Modern - Great for Gathering!

$3,188

$223

3

1.5

1.9 mi

Centrally Located Retreat

$3,374

$236

3

1

1.74 mi

Quiet GrandRapids Home near lake

$2,945

$206

3

1

1.89 mi

Urban Retreat

$2,487

$174

3

1.5

2.02 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

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis