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10017 M 115, Cadillac, MI 49601

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Airbnb investment with a projected -6.24% first-year return on $71,970 initial cash invested.

-6.24%

Cash On Cash

4.91%

Cap Rate

0.79

DSCR

$2,261

Rent

-$374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,261 income − $2,635 expenses = $374 out of pocket

Income$2,261Out of Pocket$374Mortgage P&I$1,33559%Property Taxes$1256%Insurance$914%Management$33915%CapEx$904%Maintenance$904%Other$56525%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,261

Total Expenses

$2,635

Mortgage P&I

59%

$1,335

Property Taxes

6%

$125

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$339

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$565

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