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3535 S Sheridan Dr, Muskegon, MI 49444

3 beds • 3 baths • 1550 sqft

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This property might be a fair Airbnb investment with a projected 1.12% first-year return on $95,679 initial cash invested.

1.12%

Cash On Cash

6.82%

Cap Rate

1.15

DSCR

$4,663

Rent

$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,663 income − $4,574 expenses = $89 cash flow

Income$4,663Mortgage P&I$1,82639%Property Taxes$3798%Insurance$1303%Management$69915%CapEx$1874%Maintenance$1874%Other$1,16625%Cash Flow$89

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,663

Total Expenses

$4,574

Mortgage P&I

39%

$1,826

Property Taxes

8%

$379

Home Insurance

3%

$130

HOA

0%

$0

Property Management

15%

$699

CapEx

4%

$187

Vacancy

0%

$0

Maintenance

4%

$187

Other

25%

$1,166

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