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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 -0.73% first-year return on $102k initial cash invested.

-0.73%

Cash On Cash

6.19%

Cap Rate

1.06

DSCR

$4,293

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,293 income − $4,355 expenses = $62 out of pocket

Income$4,293Out of Pocket$62Mortgage P&I$1,95446%Property Taxes$2005%Insurance$1403%Management$64415%CapEx$1724%Maintenance$1724%Other$1,07325%

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

$4,293

Total Expenses

$4,355

Mortgage P&I

46%

$1,954

Property Taxes

5%

$200

Home Insurance

3%

$140

HOA

0%

$0

Property Management

15%

$644

CapEx

4%

$172

Vacancy

0%

$0

Maintenance

4%

$172

Other

25%

$1,073

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