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1041 Sunfield Dr, Holland, MI 49424

3 beds • 3 baths • 1682 sqft

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This property looks like a bad Airbnb investment with a projected -14.75% first-year return on $95,931 initial cash invested.

-14.75%

Cash On Cash

2.37%

Cap Rate

0.4

DSCR

$1,953

Rent

-$1,179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,953 income − $3,132 expenses = $1,179 out of pocket

Income$1,953Out of Pocket$1,179Mortgage P&I$1,83494%Property Taxes$22812%Insurance$1337%Management$29315%CapEx$784%Maintenance$784%Other$48825%

Investment Breakdown

|

Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,931

Downpayment

20%

$74,220

Closing costs

1%

$3,711

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,953

Total Expenses

$3,132

Mortgage P&I

94%

$1,834

Property Taxes

12%

$228

Home Insurance

7%

$133

HOA

0%

$0

Property Management

15%

$293

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$488

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