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7760 E Empire Ave, Benton Harbor, MI 49022

3 beds • 2 baths • 1755 sqft

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This property looks like a bad Airbnb investment with a projected -9.74% first-year return on $96,603 initial cash invested.

-9.74%

Cash On Cash

3.98%

Cap Rate

0.65

DSCR

$2,993

Rent

-$784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,993 income − $3,777 expenses = $784 out of pocket

Income$2,993Out of Pocket$784Mortgage P&I$1,90664%Property Taxes$2508%Insurance$1846%Management$44915%CapEx$1204%Maintenance$1204%Other$74825%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,603

Downpayment

20%

$74,860

Closing costs

1%

$3,743

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,993

Total Expenses

$3,777

Mortgage P&I

64%

$1,906

Property Taxes

8%

$250

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$449

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

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