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1501 Mardan Dr, Adrian, MI 49221

3 beds • 2 baths • 1968 sqft

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This property looks like a bad Airbnb investment with a projected -4.32% first-year return on $66,405 initial cash invested.

-4.32%

Cash On Cash

5.57%

Cap Rate

0.88

DSCR

$2,462

Rent

-$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $2,701 expenses = $239 out of pocket

Income$2,462Out of Pocket$239Mortgage P&I$1,21049%Property Taxes$2289%Insurance$823%Management$36915%CapEx$984%Maintenance$984%Other$61625%

Investment Breakdown

|

Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,405

Downpayment

20%

$46,100

Closing costs

1%

$2,305

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,701

Mortgage P&I

49%

$1,210

Property Taxes

9%

$228

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$369

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$616

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