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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 -4.66% first-year return on $66,405 initial cash invested.

-4.66%

Cash On Cash

5.46%

Cap Rate

0.87

DSCR

$2,427

Rent

-$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,427 income − $2,685 expenses = $258 out of pocket

Income$2,427Out of Pocket$258Mortgage P&I$1,21050%Property Taxes$2289%Insurance$823%Management$36415%CapEx$974%Maintenance$974%Other$60725%

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

$2,427

Total Expenses

$2,685

Mortgage P&I

50%

$1,210

Property Taxes

9%

$228

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$607

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