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8620 S Westnedge Ave, Portage, MI 49002

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Airbnb investment with a projected -6.59% first-year return on $80,790 initial cash invested.

-6.59%

Cash On Cash

4.95%

Cap Rate

0.79

DSCR

$3,093

Rent

-$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,093 income − $3,537 expenses = $444 out of pocket

Income$3,093Out of Pocket$444Mortgage P&I$1,55350%Property Taxes$39413%Insurance$1053%Management$46415%CapEx$1244%Maintenance$1244%Other$77325%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,093

Total Expenses

$3,537

Mortgage P&I

50%

$1,553

Property Taxes

13%

$394

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$464

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$773

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