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1128 N Morrish Rd, Flint, MI 48532

3 beds • 3 baths • 2772 sqft

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This property looks like a bad Airbnb investment with a projected -10.99% first-year return on $107k initial cash invested.

-10.99%

Cash On Cash

3.48%

Cap Rate

0.59

DSCR

$3,342

Rent

-$982

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,342 income − $4,324 expenses = $982 out of pocket

Income$3,342Out of Pocket$982Mortgage P&I$2,08062%Property Taxes$49015%Insurance$1494%Management$50115%CapEx$1344%Maintenance$1344%Other$83625%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,342

Total Expenses

$4,324

Mortgage P&I

62%

$2,080

Property Taxes

15%

$490

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$836

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