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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 -22.16% first-year return on $109k initial cash invested.

-22.16%

Cash On Cash

0.73%

Cap Rate

0.12

DSCR

$1,654

Rent

-$2,009

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,654 income − $3,663 expenses = $2,009 out of pocket

Income$1,654Out of Pocket$2,009Mortgage P&I$2,207133%Property Taxes$50831%Insurance$1549%Management$24815%CapEx$664%Maintenance$664%Other$41425%

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

$1,654

Total Expenses

$3,663

Mortgage P&I

133%

$2,207

Property Taxes

31%

$508

Home Insurance

9%

$154

HOA

0%

$0

Property Management

15%

$248

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$414

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