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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 -8.68% first-year return on $62,079 initial cash invested.

-8.68%

Cash On Cash

4.14%

Cap Rate

0.66

DSCR

$1,754

Rent

-$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,754 income − $2,203 expenses = $449 out of pocket

Income$1,754Out of Pocket$449Mortgage P&I$1,10363%Property Taxes$18511%Insurance$744%Management$26315%CapEx$704%Maintenance$704%Other$43825%

Investment Breakdown

|

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

$1,754

Total Expenses

$2,203

Mortgage P&I

63%

$1,103

Property Taxes

11%

$185

Home Insurance

4%

$74

HOA

0%

$0

Property Management

15%

$263

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$438

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