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604 28th Ave, Hudsonville, MI 49426

3 beds • 4 baths • 3558 sqft

$1,500,000

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This property looks like a bad Airbnb investment with a projected -20.68% first-year return on $333k initial cash invested.

-20.68%

Cash On Cash

1.69%

Cap Rate

0.28

DSCR

$5,873

Rent

-$5,740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,873 income − $11,613 expenses = $5,740 out of pocket

Income$5,873Out of Pocket$5,740Mortgage P&I$7,616130%Property Taxes$65311%Insurance$5259%Management$88115%CapEx$2354%Maintenance$2354%Other$1,46825%

Investment Breakdown

|

Purchase Price

$1500k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$15,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,873

Total Expenses

$11,613

Mortgage P&I

130%

$7,616

Property Taxes

11%

$653

Home Insurance

9%

$525

HOA

0%

$0

Property Management

15%

$881

CapEx

4%

$235

Vacancy

0%

$0

Maintenance

4%

$235

Other

25%

$1,468

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