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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 -15.83% first-year return on $105k initial cash invested.

-15.83%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$2,246

Rent

-$1,380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $3,626 expenses = $1,380 out of pocket

Income$2,246Out of Pocket$1,380Mortgage P&I$2,05091%Property Taxes$33615%Insurance$1446%HOA$171%Management$33715%CapEx$904%Maintenance$904%Other$56225%

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

$2,246

Total Expenses

$3,626

Mortgage P&I

91%

$2,050

Property Taxes

15%

$336

Home Insurance

6%

$144

HOA

1%

$17

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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