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2756 Marquette Ave, Muskegon, MI 49442

3 beds • 2 baths • 1841 sqft

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This property looks like a bad Airbnb investment with a projected -12.71% first-year return on $91,479 initial cash invested.

-12.71%

Cash On Cash

3.21%

Cap Rate

0.52

DSCR

$2,212

Rent

-$969

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,212 income − $3,181 expenses = $969 out of pocket

Income$2,212Out of Pocket$969Mortgage P&I$1,81782%Property Taxes$1818%Insurance$1226%Management$33215%CapEx$884%Maintenance$884%Other$55325%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,212

Total Expenses

$3,181

Mortgage P&I

82%

$1,817

Property Taxes

8%

$181

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$332

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$553

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