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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 -14.48% first-year return on $207k initial cash invested.

-14.48%

Cash On Cash

3.07%

Cap Rate

0.5

DSCR

$5,778

Rent

-$2,497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,778 income − $8,275 expenses = $2,497 out of pocket

Income$5,778Out of Pocket$2,497Mortgage P&I$4,57079%Property Taxes$61711%Insurance$3155%Management$86715%CapEx$2314%Maintenance$2314%Other$1,44425%

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

$5,778

Total Expenses

$8,275

Mortgage P&I

79%

$4,570

Property Taxes

11%

$617

Home Insurance

5%

$315

HOA

0%

$0

Property Management

15%

$867

CapEx

4%

$231

Vacancy

0%

$0

Maintenance

4%

$231

Other

25%

$1,444

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