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2391 Macarthur Rd, Muskegon, MI 49442

3 beds • 2 baths • 1460 sqft

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This property looks like a bad Airbnb investment with a projected -7% first-year return on $72,180 initial cash invested.

-7%

Cash On Cash

4.4%

Cap Rate

0.74

DSCR

$2,353

Rent

-$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $2,774 expenses = $421 out of pocket

Income$2,353Out of Pocket$421Mortgage P&I$1,27354%Property Taxes$26711%Insurance$1054%Management$35315%CapEx$944%Maintenance$944%Other$58825%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,180

Downpayment

20%

$51,600

Closing costs

1%

$2,580

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,353

Total Expenses

$2,774

Mortgage P&I

54%

$1,273

Property Taxes

11%

$267

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$588

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