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1538 W 32nd St, Holland, MI 49423

3 beds • 3 baths • 2584 sqft

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This property looks like a bad Airbnb investment with a projected -5.98% first-year return on $144k initial cash invested.

-5.98%

Cash On Cash

5.05%

Cap Rate

0.83

DSCR

$5,363

Rent

-$718

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,363 income − $6,081 expenses = $718 out of pocket

Income$5,363Out of Pocket$718Mortgage P&I$3,02656%Property Taxes$2705%Insurance$2104%Management$80415%CapEx$2154%Maintenance$2154%Other$1,34125%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,999

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,363

Total Expenses

$6,081

Mortgage P&I

56%

$3,026

Property Taxes

5%

$270

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$804

CapEx

4%

$215

Vacancy

0%

$0

Maintenance

4%

$215

Other

25%

$1,341

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