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3714 Black Creek Dr, Hudsonville, MI 49426

3 beds • 2 baths • 1840 sqft

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This property looks like a bad Airbnb investment with a projected -4.86% first-year return on $102k initial cash invested.

-4.86%

Cash On Cash

5.06%

Cap Rate

0.86

DSCR

$3,619

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,619 income − $4,032 expenses = $413 out of pocket

Income$3,619Out of Pocket$413Mortgage P&I$1,95454%Property Taxes$2006%Insurance$1404%Management$54315%CapEx$1454%Maintenance$1454%Other$90525%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,619

Total Expenses

$4,032

Mortgage P&I

54%

$1,954

Property Taxes

6%

$200

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$543

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$905

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