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1330 Secretariat Way, Howell, MI 48843

3 beds • 4 baths • 4340 sqft

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This property looks like a bad Airbnb investment with a projected -11.56% first-year return on $131k initial cash invested.

-11.56%

Cash On Cash

3.48%

Cap Rate

0.59

DSCR

$4,000

Rent

-$1,266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,000 income − $5,266 expenses = $1,266 out of pocket

Income$4,000Out of Pocket$1,266Mortgage P&I$2,67367%Property Taxes$40610%Insurance$1925%HOA$752%Management$60015%CapEx$1604%Maintenance$1604%Other$1,00025%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,401

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,000

Total Expenses

$5,266

Mortgage P&I

67%

$2,673

Property Taxes

10%

$406

Home Insurance

5%

$192

HOA

2%

$75

Property Management

15%

$600

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,000

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