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3104 E Apple Ave, Muskegon, MI 49442

3 beds • 2 baths • 1460 sqft

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This property looks like a bad Airbnb investment with a projected -0.61% first-year return on $63,255 initial cash invested.

-0.61%

Cash On Cash

6.79%

Cap Rate

1.07

DSCR

$2,737

Rent

-$32

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,737 income − $2,769 expenses = $32 out of pocket

Income$2,737Out of Pocket$32Mortgage P&I$1,14242%Property Taxes$2379%Insurance$773%Management$41115%CapEx$1094%Maintenance$1094%Other$68425%

Investment Breakdown

|

Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,255

Downpayment

20%

$43,100

Closing costs

1%

$2,155

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,737

Total Expenses

$2,769

Mortgage P&I

42%

$1,142

Property Taxes

9%

$237

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$684

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