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12311 Water Greens Ct, Fenton, MI 48430

3 beds • 2 baths • 2229 sqft

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This property looks like a bad Airbnb investment with a projected -14.49% first-year return on $105k initial cash invested.

-14.49%

Cash On Cash

2.58%

Cap Rate

0.43

DSCR

$2,471

Rent

-$1,263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,471 income − $3,734 expenses = $1,263 out of pocket

Income$2,471Out of Pocket$1,263Mortgage P&I$2,05083%Property Taxes$33614%Insurance$1446%HOA$171%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,460

Closing costs

1%

$4,123

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,471

Total Expenses

$3,734

Mortgage P&I

83%

$2,050

Property Taxes

14%

$336

Home Insurance

6%

$144

HOA

1%

$17

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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