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1117 W Kilgore Rd, Portage, MI 49024

3 beds • 3 baths • 2435 sqft

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This property looks like a bad Airbnb investment with a projected -10.52% first-year return on $86,250 initial cash invested.

-10.52%

Cash On Cash

3.54%

Cap Rate

0.59

DSCR

$2,343

Rent

-$756

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,343 income − $3,099 expenses = $756 out of pocket

Income$2,343Out of Pocket$756Mortgage P&I$1,62069%Property Taxes$24010%Insurance$1145%Management$35115%CapEx$944%Maintenance$944%Other$58625%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,343

Total Expenses

$3,099

Mortgage P&I

69%

$1,620

Property Taxes

10%

$240

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$586

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