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137 E Meldrum Cir, Saint Clair, MI 48079

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -23.61% first-year return on $109k initial cash invested.

-23.61%

Cash On Cash

0.34%

Cap Rate

0.06

DSCR

$1,400

Rent

-$2,141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,400 income − $3,541 expenses = $2,141 out of pocket

Income$1,400Out of Pocket$2,141Mortgage P&I$2,207158%Property Taxes$50836%Insurance$15411%Management$21015%CapEx$564%Maintenance$564%Other$35025%

Investment Breakdown

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Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,480

Closing costs

1%

$4,324

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,400

Total Expenses

$3,541

Mortgage P&I

158%

$2,207

Property Taxes

36%

$508

Home Insurance

11%

$154

HOA

0%

$0

Property Management

15%

$210

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$350

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