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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 5.13% first-year return on $33,204 initial cash invested.

5.13%

Cash On Cash

9.28%

Cap Rate

1.52

DSCR

$1,252

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,252 income − $1,110 expenses = $142 cash flow

Income$1,252Mortgage P&I$36829%Property Taxes$998%Insurance$423%Management$18815%CapEx$504%Maintenance$504%Other$31325%Cash Flow$142

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

$1,252

Total Expenses

$1,110

Mortgage P&I

29%

$368

Property Taxes

8%

$99

Home Insurance

3%

$42

HOA

0%

$0

Property Management

15%

$188

CapEx

4%

$50

Vacancy

0%

$0

Maintenance

4%

$50

Other

25%

$313

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