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1118 Simcoe Ave, Flint, MI 48507

3 beds • 2 baths • 1160 sqft

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This property might be a fair Airbnb investment with a projected 6.51% first-year return on $33,204 initial cash invested.

6.51%

Cash On Cash

9.96%

Cap Rate

1.63

DSCR

$1,326

Rent

$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,326 income − $1,146 expenses = $180 cash flow

Income$1,326Mortgage P&I$36828%Property Taxes$997%Insurance$423%Management$19915%CapEx$534%Maintenance$534%Other$33225%Cash Flow$180

Investment Breakdown

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Purchase Price

$72,400

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,204

Downpayment

20%

$14,480

Closing costs

1%

$724

Rehab

0%

$0

Furnishing

25%

$18,000

Cashflow

Total Income

$1,326

Total Expenses

$1,146

Mortgage P&I

28%

$368

Property Taxes

7%

$99

Home Insurance

3%

$42

HOA

0%

$0

Property Management

15%

$199

CapEx

4%

$53

Vacancy

0%

$0

Maintenance

4%

$53

Other

25%

$332

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