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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 -9.83% first-year return on $131k initial cash invested.

-9.83%

Cash On Cash

3.93%

Cap Rate

0.66

DSCR

$4,366

Rent

-$1,077

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,366 income − $5,443 expenses = $1,077 out of pocket

Income$4,366Out of Pocket$1,077Mortgage P&I$2,67361%Property Taxes$4069%Insurance$1924%HOA$752%Management$65515%CapEx$1754%Maintenance$1754%Other$1,09225%

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

$4,366

Total Expenses

$5,443

Mortgage P&I

61%

$2,673

Property Taxes

9%

$406

Home Insurance

4%

$192

HOA

2%

$75

Property Management

15%

$655

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,092

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