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13452 152nd Ave, Grand Haven, MI 49417

3 beds • 3 baths • 2122 sqft

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This property looks like a bad Airbnb investment with a projected -16.37% first-year return on $95,595 initial cash invested.

-16.37%

Cash On Cash

1.82%

Cap Rate

0.31

DSCR

$1,670

Rent

-$1,304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,670 income − $2,974 expenses = $1,304 out of pocket

Income$1,670Out of Pocket$1,304Mortgage P&I$1,797108%Property Taxes$24214%Insurance$1338%Management$25015%CapEx$674%Maintenance$674%Other$41825%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,595

Downpayment

20%

$73,900

Closing costs

1%

$3,695

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,670

Total Expenses

$2,974

Mortgage P&I

108%

$1,797

Property Taxes

14%

$242

Home Insurance

8%

$133

HOA

0%

$0

Property Management

15%

$250

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$418

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