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339 Wildwood Dr, Holland, MI 49423

3 beds • 2 baths • 1196 sqft

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This property looks like a bad Airbnb investment with a projected -7.45% first-year return on $97,569 initial cash invested.

-7.45%

Cash On Cash

4.48%

Cap Rate

0.75

DSCR

$3,307

Rent

-$606

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,307 income − $3,913 expenses = $606 out of pocket

Income$3,307Out of Pocket$606Mortgage P&I$1,89057%Property Taxes$3009%Insurance$1364%Management$49615%CapEx$1324%Maintenance$1324%Other$82725%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,569

Downpayment

20%

$75,780

Closing costs

1%

$3,789

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,307

Total Expenses

$3,913

Mortgage P&I

57%

$1,890

Property Taxes

9%

$300

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$827

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