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365 Big Bay Dr, Holland, MI 49424

3 beds • 3 baths • 2106 sqft

$1,501,000

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This property looks like a bad Airbnb investment with a projected -25.39% first-year return on $333k initial cash invested.

-25.39%

Cash On Cash

0.58%

Cap Rate

0.1

DSCR

$3,846

Rent

-$7,050

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,846 income − $10,896 expenses = $7,050 out of pocket

Income$3,846Out of Pocket$7,050Mortgage P&I$7,621198%Property Taxes$87023%Insurance$55815%Management$57715%CapEx$1544%Maintenance$1544%Other$96225%

Investment Breakdown

|

Purchase Price

$1501k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$15,010

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,846

Total Expenses

$10,896

Mortgage P&I

198%

$7,621

Property Taxes

23%

$870

Home Insurance

15%

$558

HOA

0%

$0

Property Management

15%

$577

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$962

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