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13799-31 Mile Rd, Washington, MI 48095

3 beds • 2 baths • 2256 sqft

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This property looks like a bad Airbnb investment with a projected -14.21% first-year return on $88,350 initial cash invested.

-14.21%

Cash On Cash

2.43%

Cap Rate

0.41

DSCR

$1,806

Rent

-$1,046

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,806 income − $2,852 expenses = $1,046 out of pocket

Income$1,806Out of Pocket$1,046Mortgage P&I$1,65191%Property Taxes$21712%Insurance$1176%Management$27115%CapEx$724%Maintenance$724%Other$45225%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,806

Total Expenses

$2,852

Mortgage P&I

91%

$1,651

Property Taxes

12%

$217

Home Insurance

6%

$117

HOA

0%

$0

Property Management

15%

$271

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$452

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