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5865 Lakeshore Dr, Holland, MI 49424

3 beds • 2 baths • 1200 sqft

$1,280,000

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This property looks like a bad Airbnb investment with a projected -25.89% first-year return on $287k initial cash invested.

-25.89%

Cash On Cash

1.18%

Cap Rate

0.17

DSCR

$4,479

Rent

-$6,188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,479 income − $10,667 expenses = $6,188 out of pocket

Income$4,479Out of Pocket$6,188Mortgage P&I$7,264162%Property Taxes$80518%Insurance$44810%Management$67215%CapEx$1794%Maintenance$1794%Other$1,12025%

Investment Breakdown

|

Purchase Price

$1280k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$287k

Downpayment

20%

$256k

Closing costs

1%

$12,800

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,479

Total Expenses

$10,667

Mortgage P&I

162%

$7,264

Property Taxes

18%

$805

Home Insurance

10%

$448

HOA

0%

$0

Property Management

15%

$672

CapEx

4%

$179

Vacancy

0%

$0

Maintenance

4%

$179

Other

25%

$1,120

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