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1621 Preservation Ln, Saint Clair, MI 48079

3 beds • 3 baths • 1753 sqft

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This property looks like a bad Airbnb investment with a projected -19.75% first-year return on $138k initial cash invested.

-19.75%

Cash On Cash

1.37%

Cap Rate

0.23

DSCR

$2,390

Rent

-$2,264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,390 income − $4,654 expenses = $2,264 out of pocket

Income$2,390Out of Pocket$2,264Mortgage P&I$2,819118%Property Taxes$45419%Insurance$23310%Management$35815%CapEx$964%Maintenance$964%Other$59825%

Investment Breakdown

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Purchase Price

$569k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,693

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,390

Total Expenses

$4,654

Mortgage P&I

118%

$2,819

Property Taxes

19%

$454

Home Insurance

10%

$233

HOA

0%

$0

Property Management

15%

$358

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$598

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