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3230 Lakeview Dr, Allegan, MI 49010

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Airbnb investment with a projected -6.82% first-year return on $128k initial cash invested.

-6.82%

Cash On Cash

4.59%

Cap Rate

0.79

DSCR

$4,547

Rent

-$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,547

Total Expenses

$5,276

Mortgage P&I

56%

$2,553

Property Taxes

8%

$356

Home Insurance

4%

$184

HOA

0%

$0

Property Management

15%

$682

CapEx

4%

$182

Vacancy

0%

$0

Maintenance

4%

$182

Other

25%

$1,137

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