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1014 W Michigan Ave, Fresno, CA 93705

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Airbnb investment with a projected -3.22% first-year return on $77,808 initial cash invested.

-3.22%

Cash On Cash

5.57%

Cap Rate

0.93

DSCR

$2,863

Rent

-$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,863 income − $3,072 expenses = $209 out of pocket

Income$2,863Out of Pocket$209Mortgage P&I$1,41649%Property Taxes$1816%Insurance$1003%Management$42915%CapEx$1154%Maintenance$1154%Other$71625%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,808

Downpayment

20%

$56,960

Closing costs

1%

$2,848

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,863

Total Expenses

$3,072

Mortgage P&I

49%

$1,416

Property Taxes

6%

$181

Home Insurance

3%

$100

HOA

0%

$0

Property Management

15%

$429

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$716

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