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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 -7.88% first-year return on $144k initial cash invested.

-7.88%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$4,923

Rent

-$946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,923 income − $5,869 expenses = $946 out of pocket

Income$4,923Out of Pocket$946Mortgage P&I$3,02661%Property Taxes$2705%Insurance$2104%Management$73815%CapEx$1974%Maintenance$1974%Other$1,23125%

Investment Breakdown

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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

$4,923

Total Expenses

$5,869

Mortgage P&I

61%

$3,026

Property Taxes

5%

$270

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$738

CapEx

4%

$197

Vacancy

0%

$0

Maintenance

4%

$197

Other

25%

$1,231

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