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825 Summer Creek Ct SE, Kentwood, MI 49508

3 beds • 3 baths • 2006 sqft

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This property looks like a bad Airbnb investment with a projected -19.36% first-year return on $99,816 initial cash invested.

-19.36%

Cash On Cash

1.27%

Cap Rate

0.21

DSCR

$2,226

Rent

-$1,610

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,226 income − $3,836 expenses = $1,610 out of pocket

Income$2,226Out of Pocket$1,610Mortgage P&I$1,93287%Property Taxes$70332%Insurance$1336%Management$33415%CapEx$894%Maintenance$894%Other$55625%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,816

Downpayment

20%

$77,920

Closing costs

1%

$3,896

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,226

Total Expenses

$3,836

Mortgage P&I

87%

$1,932

Property Taxes

32%

$703

Home Insurance

6%

$133

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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