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2903 106th Ave, Allegan, MI 49010

3 beds • 2 baths • 2632 sqft

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This property looks like a bad Airbnb investment with a projected -13.07% first-year return on $112k initial cash invested.

-13.07%

Cash On Cash

2.88%

Cap Rate

0.49

DSCR

$2,659

Rent

-$1,225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,659

Total Expenses

$3,884

Mortgage P&I

83%

$2,198

Property Taxes

9%

$252

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$665

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