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1491 Iva St, Burton, MI 48509

3 beds • 2 baths • 1479 sqft

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This property might be a fair Airbnb investment with a projected 9.44% first-year return on $68,379 initial cash invested.

9.44%

Cash On Cash

10.02%

Cap Rate

1.55

DSCR

$4,379

Rent

$538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,379 income − $3,841 expenses = $538 cash flow

Income$4,379Mortgage P&I$1,29129%Property Taxes$3648%Insurance$842%Management$65715%CapEx$1754%Maintenance$1754%Other$1,09525%Cash Flow$538

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$4,379

Total Expenses

$3,841

Mortgage P&I

29%

$1,291

Property Taxes

8%

$364

Home Insurance

2%

$84

HOA

0%

$0

Property Management

15%

$657

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,095

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