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1082 Louis Dr, Benton Harbor, MI 49022

3 beds • 2 baths • 1814 sqft

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This property looks like a bad Airbnb investment with a projected -1.65% first-year return on $64,662 initial cash invested.

-1.65%

Cash On Cash

6.55%

Cap Rate

1.02

DSCR

$2,786

Rent

-$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,786 income − $2,875 expenses = $89 out of pocket

Income$2,786Out of Pocket$89Mortgage P&I$1,19043%Property Taxes$26910%Insurance$803%Management$41815%CapEx$1114%Maintenance$1114%Other$69625%

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,662

Downpayment

20%

$44,440

Closing costs

1%

$2,222

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,786

Total Expenses

$2,875

Mortgage P&I

43%

$1,190

Property Taxes

10%

$269

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$418

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$696

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