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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 -16.79% first-year return on $207k initial cash invested.

-16.79%

Cash On Cash

2.5%

Cap Rate

0.41

DSCR

$5,014

Rent

-$2,896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,014 income − $7,910 expenses = $2,896 out of pocket

Income$5,014Out of Pocket$2,896Mortgage P&I$4,57091%Property Taxes$61712%Insurance$3156%Management$75215%CapEx$2014%Maintenance$2014%Other$1,25425%

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

$5,014

Total Expenses

$7,910

Mortgage P&I

91%

$4,570

Property Taxes

12%

$617

Home Insurance

6%

$315

HOA

0%

$0

Property Management

15%

$752

CapEx

4%

$201

Vacancy

0%

$0

Maintenance

4%

$201

Other

25%

$1,254

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