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1091 Plover Dr, Highland, MI 48357

3 beds • 3 baths • 2735 sqft

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This property looks like a bad Airbnb investment with a projected -18.19% first-year return on $122k initial cash invested.

-18.19%

Cash On Cash

1.72%

Cap Rate

0.29

DSCR

$2,196

Rent

-$1,849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,196 income − $4,045 expenses = $1,849 out of pocket

Income$2,196Out of Pocket$1,849Mortgage P&I$2,469112%Property Taxes$33415%Insurance$1738%HOA$151%Management$32915%CapEx$884%Maintenance$884%Other$54925%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,196

Total Expenses

$4,045

Mortgage P&I

112%

$2,469

Property Taxes

15%

$334

Home Insurance

8%

$173

HOA

1%

$15

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$549

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