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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 -9.98% first-year return on $80,790 initial cash invested.

-9.98%

Cash On Cash

3.96%

Cap Rate

0.64

DSCR

$2,654

Rent

-$672

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,654 income − $3,326 expenses = $672 out of pocket

Income$2,654Out of Pocket$672Mortgage P&I$1,55359%Property Taxes$39415%Insurance$1054%Management$39815%CapEx$1064%Maintenance$1064%Other$66425%

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

$2,654

Total Expenses

$3,326

Mortgage P&I

59%

$1,553

Property Taxes

15%

$394

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$664

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