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14081 Granville Dr, Cheboygan, MI 49721

3 beds • 2 baths • 1132 sqft

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This property could be a profitable Airbnb investment with a projected 34.6% first-year return on $51,579 initial cash invested.

34.6%

Cash On Cash

19.29%

Cap Rate

2.91

DSCR

$4,990

Rent

$1,487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,990 income − $3,503 expenses = $1,487 cash flow

Income$4,990Mortgage P&I$88418%Property Taxes$1072%Insurance$561%HOA$601%Management$74815%CapEx$2004%Maintenance$2004%Other$1,24825%Cash Flow$1,487

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$4,990

Total Expenses

$3,503

Mortgage P&I

18%

$884

Property Taxes

2%

$107

Home Insurance

1%

$56

HOA

1%

$60

Property Management

15%

$748

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,248

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