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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 -24.15% first-year return on $333k initial cash invested.

-24.15%

Cash On Cash

0.87%

Cap Rate

0.14

DSCR

$4,503

Rent

-$6,707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,503 income − $11,210 expenses = $6,707 out of pocket

Income$4,503Out of Pocket$6,707Mortgage P&I$7,621169%Property Taxes$87019%Insurance$55812%Management$67515%CapEx$1804%Maintenance$1804%Other$1,12625%

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

$4,503

Total Expenses

$11,210

Mortgage P&I

169%

$7,621

Property Taxes

19%

$870

Home Insurance

12%

$558

HOA

0%

$0

Property Management

15%

$675

CapEx

4%

$180

Vacancy

0%

$0

Maintenance

4%

$180

Other

25%

$1,126

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