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1496 W Dodge Rd, Clio, MI 48420

3 beds • 3 baths • 1750 sqft

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This property looks like a bad Airbnb investment with a projected -7.13% first-year return on $67,329 initial cash invested.

-7.13%

Cash On Cash

4.92%

Cap Rate

0.76

DSCR

$2,564

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $2,964 expenses = $400 out of pocket

Income$2,564Out of Pocket$400Mortgage P&I$1,26049%Property Taxes$39015%Insurance$823%Management$38515%CapEx$1034%Maintenance$1034%Other$64125%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,329

Downpayment

20%

$46,980

Closing costs

1%

$2,349

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,964

Mortgage P&I

49%

$1,260

Property Taxes

15%

$390

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$641

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