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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 -17.22% first-year return on $95,931 initial cash invested.

-17.22%

Cash On Cash

1.68%

Cap Rate

0.28

DSCR

$1,574

Rent

-$1,377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,574 income − $2,951 expenses = $1,377 out of pocket

Income$1,574Out of Pocket$1,377Mortgage P&I$1,834117%Property Taxes$22814%Insurance$1338%Management$23615%CapEx$634%Maintenance$634%Other$39425%

Investment Breakdown

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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

$1,574

Total Expenses

$2,951

Mortgage P&I

117%

$1,834

Property Taxes

14%

$228

Home Insurance

8%

$133

HOA

0%

$0

Property Management

15%

$236

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$394

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