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1275 University Ave, Adrian, MI 49221

3 beds • 3 baths • 2004 sqft

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This property looks like a bad Airbnb investment with a projected -13.27% first-year return on $67,623 initial cash invested.

-13.27%

Cash On Cash

2.88%

Cap Rate

0.46

DSCR

$1,868

Rent

-$748

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,868 income − $2,616 expenses = $748 out of pocket

Income$1,868Out of Pocket$748Mortgage P&I$1,24066%Property Taxes$39521%Insurance$844%Management$28015%CapEx$754%Maintenance$754%Other$46725%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,623

Downpayment

20%

$47,260

Closing costs

1%

$2,363

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,868

Total Expenses

$2,616

Mortgage P&I

66%

$1,240

Property Taxes

21%

$395

Home Insurance

5%

$84

HOA

0%

$0

Property Management

15%

$280

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$467

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