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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 -17.94% first-year return on $122k initial cash invested.

-17.94%

Cash On Cash

1.78%

Cap Rate

0.3

DSCR

$2,247

Rent

-$1,823

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,247 income − $4,070 expenses = $1,823 out of pocket

Income$2,247Out of Pocket$1,823Mortgage P&I$2,469110%Property Taxes$33415%Insurance$1738%HOA$151%Management$33715%CapEx$904%Maintenance$904%Other$56225%

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

$2,247

Total Expenses

$4,070

Mortgage P&I

110%

$2,469

Property Taxes

15%

$334

Home Insurance

8%

$173

HOA

1%

$15

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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