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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 -16.27% first-year return on $99,816 initial cash invested.

-16.27%

Cash On Cash

2.12%

Cap Rate

0.36

DSCR

$2,721

Rent

-$1,353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,721 income − $4,074 expenses = $1,353 out of pocket

Income$2,721Out of Pocket$1,353Mortgage P&I$1,93271%Property Taxes$70326%Insurance$1335%Management$40815%CapEx$1094%Maintenance$1094%Other$68025%

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

$2,721

Total Expenses

$4,074

Mortgage P&I

71%

$1,932

Property Taxes

26%

$703

Home Insurance

5%

$133

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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