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3457 Kersting Dr, Muskegon, MI 49444

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Airbnb investment with a projected -17.36% first-year return on $96,729 initial cash invested.

-17.36%

Cash On Cash

1.66%

Cap Rate

0.28

DSCR

$1,992

Rent

-$1,399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,992 income − $3,391 expenses = $1,399 out of pocket

Income$1,992Out of Pocket$1,399Mortgage P&I$1,83992%Property Taxes$46423%Insurance$1317%Management$29915%CapEx$804%Maintenance$804%Other$49825%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,729

Downpayment

20%

$74,980

Closing costs

1%

$3,749

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,992

Total Expenses

$3,391

Mortgage P&I

92%

$1,839

Property Taxes

23%

$464

Home Insurance

7%

$131

HOA

0%

$0

Property Management

15%

$299

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$498

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