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4364 Heritage Dr, Hudsonville, MI 49426

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Airbnb investment with a projected -5.08% first-year return on $102k initial cash invested.

-5.08%

Cash On Cash

5.07%

Cap Rate

0.86

DSCR

$3,638

Rent

-$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,638 income − $4,069 expenses = $431 out of pocket

Income$3,638Out of Pocket$431Mortgage P&I$1,97254%Property Taxes$2096%Insurance$1404%Management$54615%CapEx$1464%Maintenance$1464%Other$91025%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,780

Closing costs

1%

$3,989

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,638

Total Expenses

$4,069

Mortgage P&I

54%

$1,972

Property Taxes

6%

$209

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$546

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$910

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