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3252 N 160th Ave, Holland, MI 49424

3 beds • 3 baths • 3332 sqft

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This property looks like a bad Airbnb investment with a projected -17.14% first-year return on $196k initial cash invested.

-17.14%

Cash On Cash

2.23%

Cap Rate

0.37

DSCR

$4,340

Rent

-$2,807

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,340 income − $7,147 expenses = $2,807 out of pocket

Income$4,340Out of Pocket$2,807Mortgage P&I$4,20997%Property Taxes$55613%Insurance$2987%Management$65115%CapEx$1744%Maintenance$1744%Other$1,08525%

Investment Breakdown

|

Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$170k

Closing costs

1%

$8,499

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,340

Total Expenses

$7,147

Mortgage P&I

97%

$4,209

Property Taxes

13%

$556

Home Insurance

7%

$298

HOA

0%

$0

Property Management

15%

$651

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,085

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