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1845 Spencer Dr, Muskegon, MI 49441

3 beds • 2 baths • 2150 sqft

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This property looks like a bad Airbnb investment with a projected -9.48% first-year return on $87,594 initial cash invested.

-9.48%

Cash On Cash

3.82%

Cap Rate

0.64

DSCR

$2,743

Rent

-$692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,743 income − $3,435 expenses = $692 out of pocket

Income$2,743Out of Pocket$692Mortgage P&I$1,63760%Property Taxes$36213%Insurance$1194%Management$41115%CapEx$1104%Maintenance$1104%Other$68625%

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,594

Downpayment

20%

$66,280

Closing costs

1%

$3,314

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,743

Total Expenses

$3,435

Mortgage P&I

60%

$1,637

Property Taxes

13%

$362

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$686

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