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838 S Shore Dr, Holland, MI 49423

3 beds • 2 baths • 1245 sqft

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This property looks like a bad Airbnb investment with a projected -6.85% first-year return on $115k initial cash invested.

-6.85%

Cash On Cash

4.65%

Cap Rate

0.78

DSCR

$4,066

Rent

-$659

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,066 income − $4,725 expenses = $659 out of pocket

Income$4,066Out of Pocket$659Mortgage P&I$2,29456%Property Taxes$3098%Insurance$1704%Management$61015%CapEx$1634%Maintenance$1634%Other$1,01625%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,800

Closing costs

1%

$4,640

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,066

Total Expenses

$4,725

Mortgage P&I

56%

$2,294

Property Taxes

8%

$309

Home Insurance

4%

$170

HOA

0%

$0

Property Management

15%

$610

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,016

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