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5247 Lake Harbor Rd, Muskegon, MI 49441

3 beds • 2 baths • 1889 sqft

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This property looks like a bad Airbnb investment with a projected -10.52% first-year return on $85,431 initial cash invested.

-10.52%

Cash On Cash

3.47%

Cap Rate

0.59

DSCR

$2,456

Rent

-$749

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,456

Total Expenses

$3,205

Mortgage P&I

64%

$1,579

Property Taxes

14%

$332

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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