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1715 Marion Hills Dr, Charlevoix, MI 49720

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Airbnb investment with a projected -17.47% first-year return on $207k initial cash invested.

-17.47%

Cash On Cash

2.25%

Cap Rate

0.37

DSCR

$4,373

Rent

-$3,013

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$900k

Downpayment

20.0%

Interest Rate

6.4%

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

$4,373

Total Expenses

$7,386

Mortgage P&I

103%

$4,523

Property Taxes

10%

$424

Home Insurance

7%

$315

HOA

1%

$25

Property Management

15%

$656

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,093

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