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1106 Brooks Rd, Hastings, MI 49058

3 beds • 2 baths • 1426 sqft

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This property looks like a bad Airbnb investment with a projected -16.18% first-year return on $89,148 initial cash invested.

-16.18%

Cash On Cash

2.7%

Cap Rate

0.41

DSCR

$2,158

Rent

-$1,202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,158 income − $3,360 expenses = $1,202 out of pocket

Income$2,158Out of Pocket$1,202Mortgage P&I$1,87887%Property Taxes$32415%Insurance$1226%Management$32415%CapEx$864%Maintenance$864%Other$54025%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,148

Downpayment

20%

$67,760

Closing costs

1%

$3,388

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,158

Total Expenses

$3,360

Mortgage P&I

87%

$1,878

Property Taxes

15%

$324

Home Insurance

6%

$122

HOA

0%

$0

Property Management

15%

$324

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$540

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