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12620 Golf Estates Ln, Grand Haven, MI 49417

3 beds • 5 baths • 3530 sqft

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This property looks like a bad Airbnb investment with a projected -17.23% first-year return on $207k initial cash invested.

-17.23%

Cash On Cash

2.39%

Cap Rate

0.39

DSCR

$4,862

Rent

-$2,973

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,862 income − $7,835 expenses = $2,973 out of pocket

Income$4,862Out of Pocket$2,973Mortgage P&I$4,57094%Property Taxes$61713%Insurance$3156%Management$72915%CapEx$1944%Maintenance$1944%Other$1,21625%

Investment Breakdown

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Purchase Price

$900k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$9,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,862

Total Expenses

$7,835

Mortgage P&I

94%

$4,570

Property Taxes

13%

$617

Home Insurance

6%

$315

HOA

0%

$0

Property Management

15%

$729

CapEx

4%

$194

Vacancy

0%

$0

Maintenance

4%

$194

Other

25%

$1,216

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