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1383 Cranbrook Dr, Saginaw, MI 48638

3 beds • 3 baths • 1834 sqft

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This property looks like a bad Airbnb investment with a projected -2.38% first-year return on $73,188 initial cash invested.

-2.38%

Cash On Cash

5.91%

Cap Rate

0.98

DSCR

$2,967

Rent

-$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,967 income − $3,112 expenses = $145 out of pocket

Income$2,967Out of Pocket$145Mortgage P&I$1,32145%Property Taxes$2729%Insurance$943%Management$44515%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,188

Downpayment

20%

$52,560

Closing costs

1%

$2,628

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,967

Total Expenses

$3,112

Mortgage P&I

45%

$1,321

Property Taxes

9%

$272

Home Insurance

3%

$94

HOA

0%

$0

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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