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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 -15.3% first-year return on $67,623 initial cash invested.

-15.3%

Cash On Cash

2.25%

Cap Rate

0.36

DSCR

$1,648

Rent

-$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,648 income − $2,510 expenses = $862 out of pocket

Income$1,648Out of Pocket$862Mortgage P&I$1,24075%Property Taxes$39524%Insurance$845%Management$24715%CapEx$664%Maintenance$664%Other$41225%

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

$1,648

Total Expenses

$2,510

Mortgage P&I

75%

$1,240

Property Taxes

24%

$395

Home Insurance

5%

$84

HOA

0%

$0

Property Management

15%

$247

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$412

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