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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 -13.84% first-year return on $88,350 initial cash invested.

-13.84%

Cash On Cash

2.53%

Cap Rate

0.43

DSCR

$1,857

Rent

-$1,019

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,857 income − $2,876 expenses = $1,019 out of pocket

Income$1,857Out of Pocket$1,019Mortgage P&I$1,65189%Property Taxes$21712%Insurance$1176%Management$27915%CapEx$744%Maintenance$744%Other$46425%

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

$1,857

Total Expenses

$2,876

Mortgage P&I

89%

$1,651

Property Taxes

12%

$217

Home Insurance

6%

$117

HOA

0%

$0

Property Management

15%

$279

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$464

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