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1335 Spencer Pl, Adrian, MI 49221

3 beds • 2 baths • 1553 sqft

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This property looks like a bad Airbnb investment with a projected -4.76% first-year return on $62,079 initial cash invested.

-4.76%

Cash On Cash

5.39%

Cap Rate

0.85

DSCR

$2,146

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,146

Total Expenses

$2,392

Mortgage P&I

51%

$1,103

Property Taxes

9%

$185

Home Insurance

3%

$74

HOA

0%

$0

Property Management

15%

$322

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$536

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