Off-Market Property at 903 Lake Michigan Drive DR Nw, Grand Rapids, MI 49504
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903 Lake Michigan Drive DR Nw, Grand Rapids, MI 49504

$239,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $213 per day and long-term for an average of $3,800 per month, based on similar listings in the area. Estimated short-term cap rate of 9.6%. Estimated long-term cap rate of 12.1%. Step up and fall in love with this charming historic home! Upon entry, you will be immediately greeted by gleaming hardwood floors and trim. With an incredibly convenient location, you will enjoy quick access to US-131 and I-196, making any commute a breeze. This property is just minutes from Grand Valley, hospitals, restaurants, and entertainment, making it easy for you to dive into the buzzing downtown. Here is the gem that you have been waiting for. Don't hesitate, call us today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1321
Bedrooms
4
Bathrooms
3
SQFT
1,472
Furnished
N/A
Year built
1925
Listing Status
Off Market
MLS
24033106

Short-term Rental Potential
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$39,576

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$162

Price/SQFT

Long-term Rental Potential
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$45,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,800/mo

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