REI Lense

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13799-31 Mile Rd, Washington, MI 48095

3 beds • 2 baths • 2256 sqft

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This property might be a fair Airbnb investment with a projected 0.65% first-year return on $88,350 initial cash invested.

0.65%

Cash On Cash

6.64%

Cap Rate

1.12

DSCR

$3,908

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$3,908

Total Expenses

$3,860

Mortgage P&I

42%

$1,651

Property Taxes

6%

$217

Home Insurance

3%

$117

HOA

0%

$0

Property Management

15%

$586

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$977

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