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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 -12.66% first-year return on $85,431 initial cash invested.

-12.66%

Cash On Cash

2.86%

Cap Rate

0.48

DSCR

$2,167

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,167 income − $3,068 expenses = $901 out of pocket

Income$2,167Out of Pocket$901Mortgage P&I$1,57973%Property Taxes$33215%Insurance$1165%Management$32515%CapEx$874%Maintenance$874%Other$54225%

Investment Breakdown

|

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

$2,167

Total Expenses

$3,068

Mortgage P&I

73%

$1,579

Property Taxes

15%

$332

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$325

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$542

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