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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 -9.11% first-year return on $131k initial cash invested.

-9.11%

Cash On Cash

4.12%

Cap Rate

0.69

DSCR

$4,517

Rent

-$998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,517 income − $5,515 expenses = $998 out of pocket

Income$4,517Out of Pocket$998Mortgage P&I$2,67359%Property Taxes$4069%Insurance$1924%HOA$752%Management$67815%CapEx$1814%Maintenance$1814%Other$1,12925%

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

$4,517

Total Expenses

$5,515

Mortgage P&I

59%

$2,673

Property Taxes

9%

$406

Home Insurance

4%

$192

HOA

2%

$75

Property Management

15%

$678

CapEx

4%

$181

Vacancy

0%

$0

Maintenance

4%

$181

Other

25%

$1,129

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